Donald Trump's social media company shares TMTG was reported to save more the 80% of company shares on Monday.
The surge comes after Trump Media & Technology Group reported it had made significant gains last year, with revenues reaching around $4m.
The price increase led to a boost in the former president's net worth, adding $1bn to his overall wealth, according to Bloomberg.
Last week, shares soared, resulting in the company being valued at an impressive $11bn.
While some experts had expressed concerns, the stock has continued to perform well, with Trump Media's shares up nearly 200% so far this year.
The company expressed confidence in its management and its ability to navigate financial challenges, stating that it is actively working to ensure it has ample funds to meet its obligations as they arise.
Truth Social made its debut in February 2022, approximately one year after the former president faced bans from Twitter (now X) and Facebook following the tumultuous events at the US Capitol.
Despite the reinstatement of Mr. Trump's accounts on both platforms, he has chosen to prioritize Truth Social as his primary platform for sharing social media content.
Despite initial challenges, the platform continues to attract a dedicated user base. According to estimates from Similarweb, Truth Social boasts approximately five million active monthly users, demonstrating steady engagement.
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Additionally, the company has reported encouraging figures, with approximately 8.9 million sign-ups. While specific performance metrics remain undisclosed, Truth Social remains focused on providing a positive user experience and enhancing shareholder confidence in its operations.