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President-elect Donald Trump’s Trump Media and Technology Group (TMTG) is in advanced talks to acquire Bakkt, the Intercontinental Exchange’s (ICE) cryptocurrency trading platform, according to the Financial Times. The potential deal would involve an all-stock buyout, with TMTG aiming to diversify its operations and tap into the growing cryptocurrency market. Bakkt’s stock price jumped about 165% following the news. TMTG, the parent company of Truth Social, has a market value of $6 billion despite revenue of just $2.6 million this year. Bakkt’s cryptocurrency custody arm is said to be excluded from the deal. The move could expand Trump’s presence in the cryptocurrency industry.