Trump Media & Technology Group (DJT) shares jumped Monday following a Financial Times report the Truth Social operator is in talks to buy cryptocurrency trading platform Bakkt (BKKT).

Trump Media stock surged nearly 17% Monday, while shares of Bakkt more than doubled in value before being halted for volatility. The finan💞cial terms of the deal under con൩sideration were not disclosed.

The surge in Trump Media shares stands to benefit President-elect Donald Trump, who holds a 53% stake in Trump Media, and said earlier this month that he has 澳洲幸运5官方开奖结果体彩网:“no intention” of selling his stake in the company. The stock has seen volatile swings in the wake of Trump’𓆉s Nov. 5 election victory, and despite Monday's gains, shares have lost about 3% since the election. 

Bakkt, which went public in 2021, is owned by Intercontinental Exchange (ICE). Its first CEO was Kelly Loeffler, a former Republican senator from Georgia and the current co-chair of Trump’s inaugural committee.