Newsmax Invests in Bitcoin and TRUMP Coin: First Institution to Acquire This Altcoin

Newsmax, a media giant valued at $1.4 billion, has made a bold move into the world of cryptocurrency by adding both Bitcoin and TRUMP Coin to its financial portfolio. In a recent press release, the company announced its board of directors has approved a 12-month plan to acquire up to $5 million worth of crypto assets, contingent on market conditions. This strategic decision positions Newsmax as the first institution listed on the New York Stock Exchange (NYSE) to acquire TRUMP Coin. Newsmax is also taking steps to develop secure storage solutions and collaborate with leading institutions to manage its reserves.