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Newsmax to buy up to $5M in Bitcoin and Trump Coin, becoming first NYSE company to invest in Trump-related meme coin.
Newsmax Inc. has announced it will purchase up to $5 million in Bitcoin and Official Trump Coin over the next 12 months, becoming the first NYSE-listed company to target the Trump-related meme coin.
The move, approved by its board, aligns with a growing trend of public companies investing in digital assets, with corporate holdings now representing over 4.7% of circulating Bitcoin.
Newsmax plans to use institutional custodians for secure storage and cited the strategic value of digital assets amid broader market shifts.
The initiative follows President Trump’s March 2025 proposal for a U.S. Strategic Bitcoin Reserve.
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Newsmax comprará hasta $ 5M en Bitcoin y Trump Coin, convirtiéndose en la primera compañía de NYSE en invertir en moneda de meme relacionada con Trump.