Media Firm Newsmax Plans Crypto Reserve – Eyes $5M Bitcoin, Trump Coin Purchase
Yahoo Finance·2025-10-17 08:42
News outlet operator Newsmax has announced plans to purchase up to $5 million in Bitcoin and Trump Coin over the next year, as a part of its strategic crypto reserve plans. Newsmax said that the company’s Board of Directors have approved the plan on Thursday. Apart from Bitcoin accumulation, Newsmax is looking to add official Trump Coin, given its circulating value surpassing $1.2 billion. Newsmax CEO Christopher Ruddy said that Trump Coin’s success has been “impressive.” If acquired, the media firm woul ...