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Trump Media & Technology Group’s Stock Performance and Potential Bakkt Acquisition

Trump Media & Technology Group’s Stock Performance and Potential Bakkt Acquisition

Trump Media & Technology Group’s Stock Performance and Potential Bakkt Acquisition Trump Media & Technology Group (TMTG), the parent company of Truth Social and majority-owned by former President Donald Trump, has experienced significant stock price fluctuations. In March, following a merger with Digital World Acquisition Corporation, TMTG’s peak valuation reached an estimated $6 billion, reflecting Trump’s then-high poll numbers in the 2024 presidential race. Trump’s stake at that time was approximately 115 million shares, representing roughly 60% ownership. As of…

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The Unexpected Convergence of Cryptocurrency and US Politics: A Case Study of $TRUMP

The Unexpected Convergence of Cryptocurrency and US Politics: A Case Study of $TRUMP

The Unexpected Convergence of Cryptocurrency and US Politics: A Case Study of $TRUMP The intersection of cryptocurrency and American politics has become increasingly prominent, as evidenced by a recent, albeit unusual, investment by Fr8Tech, a Texas-based logistics firm. In late April 2024 (assuming the article refers to a future date, as Trump’s second term is hypothetical), Fr8Tech announced plans to borrow up to $20 million to acquire $TRUMP, a cryptocurrency launched by then-President Donald Trump just three days prior to…

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