Trump Media Technology Group was exposed to be in talks to buy cryptocurrency trading platform Bakkt, which continued to rise by more than 20% before the market.

Cryptocurrency trading platform Bakkt (BKKT.US) U.S. stocks rose more than 20.7% to $35.88; the stock soared more than 162% on Monday. Trump Media Technology Group (DJT.US) fell more than 6% to $30.80 before the market. According to the Financial Times, Trump's social media company is in advanced talks to acquire Bakkt. According to the data, Bakkt was founded in 2018 by Intercontinental Exchange, the owner of the New York Stock Exchange, to provide technical services to cryptocurrency investors. In addition, Kelly Loeffler, the former CEO of Bakkt, is currently the co-chair of Trump's inaugural committee.