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International Business Times
International Business Times
Business
Marvie Basilan

Future Super App? Trump's Truth Social Reportedly In Talks To Buy Crypto Platform Bakkt

KEY POINTS

  • The parties are reportedly in advanced stages for an all-stock deal
  • Bakkt disclosed in February that it was experiencing a cash crunch
  • Many crypto users believe the reported acquisition is a positive development

Truth Social, President-elect Donald Trump's social media company, is reportedly in advanced discussions to acquire Bakkt, a cryptocurrency trading platform founded in 2018.

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