Newsmax to Start Crypto Reserve Including Bitcoin, Trump Coin

Core Insights - The news outlet operator plans to purchase up to $5 million in cryptocurrencies over the next year [1] - The company aims to be the first on the NYSE to purchase Trump Coin [1] Company Actions - The company will invest in cryptocurrencies, indicating a strategic move into the digital asset space [1] - The planned investment of $5 million reflects a significant commitment to cryptocurrency [1] Market Position - By being the first company on the NYSE to purchase Trump Coin, the company is positioning itself as a pioneer in the integration of cryptocurrency within traditional financial markets [1]