Trump Media is reportedly in advanced talks to acquire cryptocurrency trading firm Bakkt. Shares of both companies soared following the report. Trump Media shares rose sharply, while Bakkt shares experienced a dramatic surge accompanied by trading halts due to volatility. Bakkt stated it has enough capital to operate for at least a year but warned this outlook could change, potentially resulting in significant losses for shareholders. The company also disclosed a prior warning from the New York Stock Exchange about the risk of delisting due to its stock trading below the $1 minimum requirement.
