Trump Media and Technology Group Corp., the parent company of the president’s social media platform Truth Social, will buy back $400 million of its shares.

Key Takeaways Trump Media & Technology Group shares rose Monday as the Truth Social parent authorized a $400 million share repurchase program.The buybacks will be funded separately from Trump Media's Bitcoin buying efforts,

Trump Media and Technology Group said its board had approved a buyback of up to $400 million of the company’s common stock, weeks after vowing to sell millions of dollars worth of shares in pursuit of its Bitcoin treasury aspirations.

The price of Brent crude oil, the international standard, rose 2.6% to $79 a barrel. U.S. crude rose 2.6% to $75.76 a barrel.

An analyst issues bullish $421 price target for Coinbase’s stock, while Fiserv’s stock moves up as stablecoin products roll out.

Financial-technology company Fiserv will launch a stablecoin and digital-asset platform for its clients by the end of the year, the company announced Monday, sending the stock higher in premarket trading.

Fiserv (NYSE:FI) shares rose in premarket trade on Monday after the company confirmed plans to launch a new digital asset platform, including a new stablecoin (FIUSD) that will be added to its existing banking and payments infrastructure by the end of the year.