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NYSE-listed Newsmax Board Approves $5M In Bitcoin & Trump Coin For Crypto Reserve

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NYSE-listed Newsmax Board Approves $5M In Bitcoin & Trump Coin For Crypto Reserve | 3.0 TV (3versetv)
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Newsmax confirmed Thursday that its board approved a plan to buy up to $5 million worth of Bitcoin and Trump Coin within the next twelve months.

The purchases will begin “soon,” with future acquisitions depending on how the crypto market behaves. That announcement instantly sent Newsmax shares up 4.1% in after-hours trading, landing at $11.27.

The decision makes Newsmax the first New York Stock Exchange (NYSE)-listed company to officially hold Trump Coin in its balance sheet.

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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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