Newsmax, a US-listed company, plans to invest $5 million to create a BTC and TRUMP reserve

Newsmax, a publicly traded US media company, is building a digital asset reserve centered around Bitcoin and Trump's meme coin, TRUMP. According to an announcement released Thursday, its board of directors has approved the plan to purchase up to $5 million worth of both assets over the next year. The announcement did not provide details on how the company will fund the initiative, but it expects to make its first strategic purchase "in the near future."