Shares of Bakkt (BKKT) are down 25% to $19.71 in morning trading after Trump Media (DJT) reached a deal with Charles Schwab (SCHW) to provide customized separately managed accounts as part of its expansion into financial services. In November of 2024, Financial times reported, citing sources, that Trump Media was is in advanced talks to buy Bakkt (BKKT), a cryptocurrency trading venue. Bakkt was not mentioned by Trump Media in this morning’s press release.
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