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.

Trump Media and Technology Group is pursuing an all-stock acquisition of crypto platform Bakkt, excluding its custody business, leading to a 160% surge in Bakkt's share price and highlighting TMTG's expansion into cryptocurrency markets.

Trump Media & Technology, the parent company of Truth Social, is reportedly in talks to buy crypto trading firm Bakkt.