CryptoNewsBreaks – Newsmax Inc. (NYSE: NMAX) Authorizes $5 Million Strategic Crypto Purchase Plan Including Bitcoin and Trump Coin
Newsmax (NYSE: NMAX) announced that its board of directors has approved a strategic purchase plan of up to $5 million to acquire Bitcoin and Trump Coin over the next 12 months, subject to market conditions. The move positions Newsmax among more than 100 public companies holding cryptocurrency reserves. CEO Christopher Ruddy said Bitcoin represents the “gold standard of cryptocurrency,” while Trump Coin’s value “should track the success of the Trump presidency.” Newsmax expects to be the first NYSE-listed company to purchase Trump Coin and plans to initiate its first tranche of digital asset acquisitions in the near term, supported by…





