Bakkt is owned by Intercontinental Exchange, and its market capitalization sits close to $400 million after its stock surged more than 150% with rumors that Trump could buy the company.
The company was formerly led by former Sen. Kelly Loeffler, a co-chairwoman of Trump’s inauguration committee. Bakkt declined to comment on Trump’s possible purchase of the company in a statement on its website.
“Bakkt Holdings, Inc. (NYSE: BKKT) announced today that it is aware of the rumors that appeared in the financial press regarding a potential transaction involving the Company,” a Bakkt spokesperson said. “It is the Company’s policy not to comment on market rumors or speculation.”
Trump platformed himself as a pro-cryptocurrency candidate, appearing at a bitcoin conference in July and telling the audience he would appoint a Securities and Exchange Commission chairman…
