Curated News
By: NewsRamp Editorial Staff
October 20, 2025
Newsmax Makes $5M Bitcoin & Trump Coin Bet, First on NYSE
TLDR
- Newsmax gains a strategic advantage by becoming the first NYSE-listed company to purchase Trump Coin and joining over 100 public companies holding cryptocurrency reserves.
- Newsmax will acquire up to $5 million in Bitcoin and Trump Coin over 12 months using institutional custody partners and executing purchases in tranches based on market conditions.
- This corporate adoption of cryptocurrency helps normalize digital assets as legitimate reserves, potentially advancing financial innovation and accessibility for future generations.
- Newsmax makes history as the first NYSE company to purchase Trump Coin, which CEO Christopher Ruddy claims tracks the success of the Trump presidency.
Impact - Why it Matters
This development matters because it represents a significant mainstream media company embracing cryptocurrency as part of its corporate treasury strategy, signaling growing institutional acceptance of digital assets. Newsmax's decision to allocate millions to both established cryptocurrencies like Bitcoin and politically-themed tokens like Trump Coin demonstrates how digital assets are becoming integrated into corporate financial strategies beyond traditional tech companies. For investors and cryptocurrency enthusiasts, this move by a major media company with millions of viewers could accelerate broader adoption and legitimization of cryptocurrency investments. The specific inclusion of Trump Coin also highlights how political movements are increasingly intersecting with financial markets through tokenization, potentially creating new investment categories tied to political outcomes and figures.
Summary
Newsmax (NYSE: NMAX), the prominent media company operating one of the nation's leading news outlets, has made a groundbreaking move into cryptocurrency by announcing a strategic purchase plan approved by its board of directors. The company plans to acquire up to $5 million worth of Bitcoin and Trump Coin over the next 12 months, positioning itself among more than 100 public companies now holding cryptocurrency reserves. CEO Christopher Ruddy provided the core messaging behind this decision, declaring Bitcoin as the "gold standard of cryptocurrency" while asserting that Trump Coin's value "should track the success of the Trump presidency." This strategic allocation makes Newsmax the first NYSE-listed company to purchase Trump Coin, with the company planning to initiate its first tranche of digital asset acquisitions in the near term supported by institutional custody and security partners.
The company, which operates through Newsmax Broadcasting LLC, represents a significant media powerhouse with substantial reach across multiple platforms. As the fourth highest-rated network carried on all major cable stations and satellite systems, Newsmax's media properties regularly reach more than 40 million Americans through Newsmax TV, the Newsmax App, its popular website Newsmax.com, and publications such as Newsmax Magazine. The company's social media presence extends to 20 million combined followers, with Reuters Institute recognizing Newsmax as one of the top U.S. news brands and Forbes describing it as "a news powerhouse." The announcement was distributed through CryptoCurrencyWire, a specialized communications platform within the Dynamic Brand Portfolio that focuses on blockchain and cryptocurrency sector news, providing enhanced press release distribution and corporate communications solutions to ensure maximum market impact.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Newsmax Makes $5M Bitcoin & Trump Coin Bet, First on NYSE
