Newsmax Stock Pops As Company Plans To Buy Bitcoin, Trump Coin

Core Insights - Newsmax Inc has announced a strategic plan to purchase up to $5 million in Bitcoin and Trump Coin, aiming to join over 100 public companies that hold cryptocurrencies on their balance sheets [2][3] - The CEO of Newsmax, Christopher Ruddy, emphasized that Bitcoin is becoming the gold standard of cryptocurrency and expressed confidence in the value of Trump Coin, linking it to the success of the Trump presidency [3] Company Strategy - The company plans to be the first listed on the New York Stock Exchange to include Trump Coin in its asset reserves [3] - Newsmax intends to begin cryptocurrency purchases in the near future, indicating a proactive approach to integrating digital assets into its financial strategy [3]