President-elect Trump's social media company is reportedly in advanced talks to purchase cryptocurrency exchange Bakkt as digital assets continue to soar.
The valuation of the deal is unclear. Bakkt had a market capitalization of more than $150 million on Monday.
Trump Media & Technology Group Corp (NASDAQ:DJT) shares were in reverse in pre-market trading after reports emerged on Monday of a bid for cryptocurrency trading firm Bakkt. According to Financial Times-cited sources, Donald Trump's social media was closing in on an all-share deal for the Intercontinental Exchange (ICE)-owned group.
Donald Trump was viewed as the more pro-cryptocurrency presidential candidate in the 2024 election and his support for crypto could get another push with a report that his media company is acquiring a cryptocurrency trading company.
Bakkt (BKKT) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (NYSE: BKKT) announced today that it will release its third quarter 2024 earnings on Wednesday, November 13, 2024, before market open. Management will host a conference call at 9:00 a.m. ET on the same day to review the results and answer questions. Attendance information is provided below. Investors and analysts interested in participating in the earnings conference call are invited to join at https://events.q4inc.com/attendee/823369792 or.
Bakkt Holdings, Inc. (BKKT) came out with a quarterly loss of $2.67 per share versus the Zacks Consensus Estimate of a loss of $1.77. This compares to loss of $4.75 per share a year ago.
Bakkt Holdings, Inc. (NYSE:BKKT ) Q2 2024 Earnings Conference Call August 14, 2024 8:00 AM ET Company Participants Andy Main - CEO Ray Kamrath - CCO, Crypto Business Karen Alexander - CFO Olivia Keavey - IR Conference Call Participants Spencer James - Jefferies Operator Greetings, and welcome to the Bakkt Second Quarter 2024 Earnings Conference Call. [Operator instructions] As a reminder, this conference call is being recorded.
ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (NYSE: BKKT) announced today that it will release its second quarter 2024 earnings on Wednesday, August 14, 2024, before market open. Management will host a conference call at 8:30 a.m. ET on the same day to review the results and answer questions. Attendance information is provided below. Investors and analysts interested in participating in the earnings conference call are invited to dial (833) 470-1428 or (404) 975-4839, and reference pa.
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Bakkt (BKKT) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.