Intercontinental Exchange, which owns the New York Stock Exchange, holds a 55% stake in Bakkt. Cryptos and related assets have soared in value since Trump's victory in the presidential election this month as traders wager they'll face a more crypto ...

While Trump Media has reported a $363 million net loss on revenues of just $2.6 million so far this year, it boasts a market cap above $7 billion.

The move would be the first major acquisition on behalf of Trump Media, which already owns the small social media platform Truth Social.