May 9 (Reuters) - Trump Media & Technology Group ( DJT )

is planning to pursue potential mergers and acquisitions, U.S.

President Donald Trump's social media firm said on Friday, as it

looks to diversify into sectors such as financial services.

The company continues to "hunt for top quality assets," CEO

Devin Nunes said in a letter to shareholders.

Trump Media ( DJT ), which runs the Truth Social streaming and social

media platform, envisions ultimately becoming a larger holding

company for numerous products and services, it said.

The company said in April it had reached a binding agreement

to roll out an array of retail investment products, including

crypto, a development that has drawn scrutiny from government

ethics watchdogs.

It ended its first quarter with $759 million of cash, cash

equivalents and short-term investments. Total liabilities as of

that period stood at $27.2 million.

"This amount of liquidity, in conjunction with Trump Media's ( DJT )

low operating costs and low cash burn rate, will fully enable it

to pursue all its expansion plans, including enhancing its

existing platforms, diversifying into fintech and financial

services, and pursuing potential mergers and acquisitions," the

company said in a statement.

In the three months ended March 31, Trump Media's ( DJT ) net sales

rose more than 6% to $8.2 million. Its net loss also narrowed to

$31.7 million in that period.

Trump Media ( DJT ) shares were little changed in extended

trading.