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

Shares of Trump Media jumped nearly 17% on Monday, while shares of Bakkt more than doubled in value before being halted due to volatility. The financial terms of the planned transaction were not disclosed.

The rise in Trump Media shares is expected to benefit President-elect Donald Trump, who owns a 53% stake in Trump Media, and said earlier this month that he had “no intention” to sell his participation in the company. The stock has seen volatile swings following Trump’s 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 current co-chair of Trump’s inaugural committee.