The stock price of Trump Media surges over 14% in anticipation of the presidential inauguration.

• Shares of Trump Media jumped more than 14% in midday trading.
• On January 20, President-elect Donald Trump, who was the largest shareholder in Truth Social's ownership, will be inaugurated for a second term in the White House.
• The DJT stock is currently experiencing its best day since mid-November, when it surged following reports that the company was in discussions to acquire cryptocurrency trading platform Bakkt.

On Monday, the stock price of jumped more than 14% during midday trading, in anticipation of President-elect Donald Trump's inauguration next week.

The stock is currently experiencing its best day since November 18th, when it increased by 16.65% after reports emerged that the company was in advanced negotiations to acquire a cryptocurrency trading firm.

On Saturday, Trump's inaugural celebrations will commence with a reception, followed by more festivities and a "victory rally" on the following day. Trump will be sworn in for a second non-consecutive term in the White House on Jan. 20.

Major tech companies and executives, including Sam Altman of OpenAI, Tim Cook of Apple, and others, have donated to Trump's inaugural fund ahead of the big day.

Before becoming president, Trump was the largest individual shareholder in Trump Media, but he transferred his stake to a trust he controls.

Despite not receiving any money for the transfer, Trump now indirectly owns the shares and his son, Donald Trump Jr., has complete voting and investment power over them.

As of 1 p.m. ET on Monday, the social media company that owns Truth Social had a market capitalization of over $8.7 billion.

Since Sept. 23, the stock has increased by 218% from its lowest point in 2021, which occurred just after the conclusion of a "lockup" period that prohibited insiders from selling their shares.