Trump Media & Technology Group Corp.’s stock fell 9.4% on Tuesday after a big runup in the previous session for the parent of President-elect Donald Trump’s Truth Social media platform. The stock dropped back the day after rising about 17% on the heels of a report that Trump Media was near a deal to buy Bakkt Holdings Inc.

Trump Media & Technology stock slipped early Tuesday after jumping in the previous session on a report that the company is in talks to buy crypto trading platform Bakkt. A deal would expand President-elect Donald Trump’s crypto interests—he launched his own cryptocurrency venture in September—a platform called World Liberty Financial.

A 16.65% move to the upside was caused by news that Trump Media could soon make an all-stock acquisition of crypto trading platform Bakkt.

Trump Media & Technology chief financial officer and two other insiders have sold millions of dollars worth of shares following the election, according to SEC filings.

President-elect Donald Trump's media company is in talks to buy Bakkt, a cryptocurrency trading venue, the Financial Times reports. Why it matters: Trump's embrace of the industry grew throughout his campaign and has led to a surge in value across the crypto market.

Insider selling pushes Trump Media stock lower. Recent filings with the Securities and Exchange Commission show that some Trump Media insiders moved to sell company stock after Do

Analysis of Trump Media's struggling Q3 revenue performance, strong balance sheet, and the looming threat of losing its high valuation if results don't improve.