Crypto firm Bakkt jumps after report Apex Fintech weighing acquisition
ReutersMar 5, 2025 5:02 PM
Shares of crypto trading firm Bakkt BKKT.N jump as much as 28%; last up 21% at $15.60
Apex Fintech is weighing a potential acquisition of BKKT, Axios reports, adding that it was unclear how serious talks are
BKKT did not immediately respond to a Reuters request for comment
BKKT, backed by NYSE-owner Intercontinental Exchange ICE.N, has a market cap of $176.2 million as of last close - data compiled by LSEG
Last year, Donald Trump's social media company was reportedly in advanced talks to buy BKKT
BKKT had acquired Apex's cryptocurrency platform in a deal valued at up to $200 million in 2023
Founded in 2018, BKKT debuted as a public company in 2021
BKKT shares down 34.9% YTD
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