US-listed company Newsmax plans to spend $5 million to establish Bitcoin and TRUMP reserves

Foresight News reported, according to Decrypt, that the US-listed media company Newsmax plans to establish a digital asset reserve centered around Bitcoin and the Trump meme token TRUMP. The company's board of directors has already approved the plan and will allocate up to $5 million over the next year to accumulate these two types of assets. The company has not disclosed specific financing arrangements, but expects to complete its first strategic purchase "in the near future."