Newsmax Stock Pops As Company Plans To Buy Bitcoin, Trump Coin [Yahoo! Finance]
Newsmax, Inc. Class B (NMAX)
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Source: Yahoo! Finance
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. 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 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. Trending: Amazon and NVIDIA Partnered With This Robot Chef — Now Individual Investors Can Too “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 excited to add Trump Coin to our cryptocurrency plan, as we believe the coin's value should track the success of the Trump presidency
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- Newsmax (NYSE:NMAX) had its "sell (d-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Newsmax (NYSE:NMAX) had its "sell (d-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Newsmax (NYSE:NMAX) had its "sell (d-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat