Newsmax Stock Pops As Company Plans To Buy Bitcoin, Trump Coin
Posted On October 16, 2025
Newsmax Inc (NYSE:NMAX) shares are rising in extended trading on Thursday after the company announced a new asset reserve plan that involves buying cryptocurrencies.
- See what is happening to NMAX stock here.
What To Know: Newsmax said it plans to join more than 100 public companies holding Bitcoin (CRYPTO: BTC) or other crypto on their balance sheets after its board approved a strategic plan to purchase up to $5 million Bitcoin and Trump Coin (CRYPTO: TRUMP) over the next year.
“Bitcoin 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,” said Christopher Ruddy, CEO of Newsmax.
“We are also …
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