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Fortune

Paolo Confino

Trump Media is near an all-stock deal to buy crypto platform Bakkt, report says

Bakkt TMTG Donald Trump Crypto Kelly Loeffler Ice Truth Social

President-elect Donald Trump and former Georgia Senator Kelly Loeffler (Credit: Alex Wong Getty Images)

President-elect Donald Trump’s media company is in advanced talks to buy the crypto trading platform Bakkt in an all-stock deal, according to the Financial Times.

A takeover would represent the Trump Media and Technology Group’s (TMTG) first venture to branch out from Truth Social, the upstart social media platform.

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