Newsmax's Board of Directors has authorized a plan to buy up to $5 million worth of Bitcoin and Trump Coin within the next year as part of its new crypto reserve strategy. The company highlights Bitcoin as the "gold standard" of cryptocurrencies and recognizes Trump Coin’s impressive market value exceeding $1.2 billion. This potential purchase would mark Newsmax as the first NYSE-listed company to hold Trump Coin. The decision aligns with President Donald Trump’s recent launch of a national Bitcoin reserve aimed at expanding government crypto assets. Despite this move, Newsmax shares experienced a slight decline amid current market volatility, while Bitcoin and Trump Coin prices have recently faced downward pressure due to broader selloffs.
Continue to read Newsmax Allocates Up to $5 Million for Bitcoin and Trump Coin in New Crypto Reserve Strategy
Newsmax's Board of Directors has authorized a plan to buy up to $5 million worth of Bitcoin and Trump Coin within the next year as part of its new crypto reserve strategy. The company highlights Bitcoin as the "gold standard" of cryptocurrencies and recognizes Trump Coin’s impressive market value exceeding $1.2 billion. This potential purchase would mark Newsmax as the first NYSE-listed company to hold Trump Coin. The decision aligns with President Donald Trump’s recent launch of a national Bitcoin reserve aimed at expanding government crypto assets. Despite this move, Newsmax shares experienced a slight decline amid current market volatility, while Bitcoin and Trump Coin prices have recently faced downward pressure due to broader selloffs.
Continue to read Newsmax Allocates Up to $5 Million for Bitcoin and Trump Coin in New Crypto Reserve Strategy
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