{"id":38350,"date":"2024-11-19T16:39:20","date_gmt":"2024-11-19T16:39:20","guid":{"rendered":"https:\/\/sasquatchnewsonline.com\/?p=38350"},"modified":"2024-11-19T16:39:20","modified_gmt":"2024-11-19T16:39:20","slug":"trump-media-in-talks-to-purchase-cryptocurrency-trading-platform","status":"publish","type":"post","link":"https:\/\/sasquatchnewsonline.com\/?p=38350","title":{"rendered":"Trump Media in Talks to Purchase Cryptocurrency Trading Platform"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" decoding=\"async\" width=\"640\" height=\"336\" src=\"https:\/\/i0.wp.com\/www.thegatewaypundit.com\/wp-content\/uploads\/502F54C4-1571-4D60-82FE-61D6F4DCB9B9-1200x630.jpeg?resize=640%2C336&#038;ssl=1\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"\" loading=\"lazy\" \/><\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" loading=\"lazy\" class=\"alignnone size-facebook wp-image-702686\" src=\"https:\/\/i0.wp.com\/www.thegatewaypundit.com\/wp-content\/uploads\/502F54C4-1571-4D60-82FE-61D6F4DCB9B9-1200x630.jpeg?resize=640%2C336&#038;ssl=1\" alt=\"\" width=\"640\" height=\"336\" \/><\/p>\n<h3>The Trump Media and Technology Group ($DJT) is reportedly close to purchasing a cryptocurrency trading platform.<\/h3>\n<p>The platform, Bakkt, is owned by Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange.<\/p>\n<p>TMTG is working towards an all-stock acquisition, two people familiar with the plan told the <a href=\"https:\/\/www.ft.com\/content\/d7f921d5-3668-4b6b-a98d-2681ad73610f\">Financial Times<\/a>.<\/p>\n<p>According to a <a href=\"https:\/\/www.msn.com\/en-us\/money\/companies\/trumps-social-media-company-in-talks-to-buy-crypto-firm-bakkt-ft-reports\/ar-AA1uk8cF\">report<\/a> from USA Today, stocks in both companies soared after the news broke.<\/p>\n<p>\u201cShares of Bakkt, backed by NYSE-owner Intercontinental Exchange, skyrocketed more than 160% and were halted multiple times due to volatility. Trump Media shares ended the day up 16.7%,\u201d the report states.<\/p>\n<p>The report added, \u201cTrump Media has struggled to turn a profit, reporting earlier this month a $19 million third-quarter net loss and $1 million in revenue, but its market cap is valued at over $7 billion, thanks to its stock market performance. As of Sept. 30, the company held nearly $673 million in cash, cash equivalents and short-term investments.\u201d<\/p>\n<p>\u201cThe only thing Trump Media has demonstrated they\u2019re good at is selling overvalued equity,\u201d University of Florida finance professor Jay Ritter told the newspaper. \u201cNow, they\u2019ve got this big stockpile of cash, and they\u2019re going to buy an operating business that hopefully will be able to generate revenue and profit.\u201d<\/p>\n<p>President-elect Donald Trump recently launched a new crypto venture called World Liberty Financial.<\/p>\n<p>\u201cWorld Liberty Financial will have its own crypto token, or \u2018stablecoin,\u2019 whose value will be pegged to the value of the U.S. dollar,\u201d USA Today reported in September. \u201cStablecoins are cryptocurrencies pegged to assets like the dollar to try to maintain a stable price.<\/p>\n<p>The Trump family has been dabbling in crypto for quite some time, including launching a line of NFTs.<\/p>\n<p>In September, Trump said he would make America the \u201cworld capital for crypto and bitcoin.\u201d<\/p>\n<p>The post <a href=\"https:\/\/www.thegatewaypundit.com\/2024\/11\/trump-media-talks-purchase-cryptocurrency-trading-platform\/\">Trump Media in Talks to Purchase Cryptocurrency Trading Platform<\/a> appeared first on <a href=\"https:\/\/www.thegatewaypundit.com\/\">The Gateway Pundit<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>The Trump Media and Technology Group ($DJT) is reportedly close to purchasing a cryptocurrency trading platform. The platform,<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-38350","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trump Media in Talks to Purchase Cryptocurrency Trading Platform - Sasquatch News Online<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sasquatchnewsonline.com\/?p=38350\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump Media in Talks to Purchase Cryptocurrency Trading Platform - Sasquatch News Online\" \/>\n<meta property=\"og:description\" content=\"The Trump Media and Technology Group ($DJT) is reportedly close to purchasing a cryptocurrency trading platform. 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