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

Bakkt’s share price jumped over 162% on Monday after the Financial Times reported Donald Trump’s company was in advanced talks to acquire the crypto exchange. Bakkt Holdings Inc (BKKT) closed up 162.46% at $29.