Bakkt said on Tuesday it was aware of "the rumors that appeared in the financial press regarding a potential transaction involving the company," but the company "does not comment on market rumors or speculation."
Shares of Bakkt, backed by NYSE-owner Intercontinental Exchange
(ICE.N), opens new tab, which closed up 162.5% on Monday after FT's report, were up another 14.8% in premarket trading on Tuesday.
Trump Media and Technology Group's shares, which closed up 16.7% on Monday, slipped 6.7% before the bell.
Trump Media did not immediately respond to Reuters' request for comment and Intercontinental Exchange declined to comment.
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