Shares of cryptocurrency companyBakkt Holdings Inc(NYSE:BKKT) soared on reports thatDonald Trump'smedia company could be eying an acquisition of the company.
While investors who got into the stock early Monday are up big, one hedge fund may have had perfect timing less than a week ago.
What Happened:A report from the Financial Times linked Bakkt Holdings with being the subject of a takeover report fromTrump Media & Technology Group(NASDAQ:DTJ).
Bakkt shares opened for trading at $11.31 on Monday before closing the day up 162.7% to $29.71. The stock was trading another 6.36% higher Tuesday afternoon at $31.59.
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