{"id":61331,"date":"2025-10-18T05:37:45","date_gmt":"2025-10-18T05:37:45","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/newsmax-board-approves-5-million-bitcoin-and-trump-coin-purchase-plan\/"},"modified":"2025-10-18T05:37:45","modified_gmt":"2025-10-18T05:37:45","slug":"newsmax-board-approves-5-million-bitcoin-and-trump-coin-purchase-plan","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/newsmax-board-approves-5-million-bitcoin-and-trump-coin-purchase-plan\/","title":{"rendered":"Newsmax Board Approves $5 Million Bitcoin and Trump Coin Purchase Plan"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Media company Newsmax Inc. has joined a growing wave of public firms adding cryptocurrency to their balance sheets. The company announced on October 16 that its board approved a strategic digital asset purchase plan of up to $5 million, aimed at acquiring bitcoin and Trump Coin over the next 12 months, depending on market conditions.<\/p>\n<hr\/>\n<p><em><strong>Good to Know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>Newsmax becomes one of more than 100 listed firms holding bitcoin reserves.<\/strong><\/em><\/li>\n<li><em><strong>The company expects to be the first NYSE-listed entity to add Trump Coin.<\/strong><\/em><\/li>\n<li><em><strong>Its crypto holdings will be managed through institutional custody partners.<\/strong><\/em><\/li>\n<\/ul>\n<hr\/>\n<p>The initiative places Newsmax among a rising number of companies seeking to diversify their reserves through digital assets. According to BitcoinTreasuries data, over 100 public companies now collectively hold more than 4.7% of all bitcoin in circulation.<\/p>\n<p>Newsmax CEO Christopher Ruddy said the move aligns with the company\u2019s view of bitcoin as a reliable store of value.<\/p>\n<p><em>\u201c<a href=\"https:\/\/igaming.org\/cryptocurrencies\/section\/what-is-a-bitcoin\/\">Bitcoin<\/a> is fast becoming the gold standard of cryptocurrency, and we believe it would be an important company marker to add this asset to our company reserves,\u201d<\/em> Ruddy said.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong><strong>Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of up to $2,500<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>He added that the firm\u2019s crypto diversification also includes the Trump Coin, a politically themed token launched earlier this year.<\/p>\n<p><em>\u201cWe are also excited to add Trump Coin to our cryptocurrency plan, as we believe the coin\u2019s value should track the success of the Trump presidency, which so far has been impressive,\u201d<\/em> Ruddy continued.<\/p>\n<p>Newsmax outlined its intention to hold both bitcoin and Trump Coin as part of a long-term strategic reserve, positioning itself as the first New York Stock Exchange-listed company to include the meme-inspired Trump Coin within its treasury mix.<\/p>\n<p>The company cited data from Coinbase, noting that the circulating value of Trump Coin exceeds $1.2 billion, with a total market capitalization near $6 billion.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>5BTC or 111% + 111 Free Spins!<\/strong> <\/p>\n<p>New players only. Exclusive 111% Welcome Bonus + 111 Free Spins<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Initial acquisitions are expected to begin soon, with further purchases evaluated based on market conditions and operational requirements. To ensure safe management, Newsmax said it has partnered with institutional-grade custody providers and developed comprehensive digital asset controls.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/ewsmax-approves-5-million-plan-to-buy-bitcoin-and-trump-coin\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Media company Newsmax Inc. has joined a growing wave of public firms adding cryptocurrency to their balance sheets. The company announced on October 16 that its board approved a strategic digital asset purchase plan of up to $5 million, aimed at acquiring bitcoin and Trump Coin [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":61332,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/61331"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=61331"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/61331\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/61332"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=61331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=61331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=61331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}