Newsmax Drops $5M on Trump Crypto – Is This the New Financial Revolution or a Meme?

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Well, folks, it’s official: Newsmax, the media company that loves Trump more than your grandma loves her cat, is diving into the world of cryptocurrency. Hold onto your hats, because they’ve just announced they’re setting up a *whopping* $5 million Bitcoin and Trump Coin treasury. Yep, you read that right: Trump Coin. 😱

  • Media company Newsmax just put $5M into Bitcoin and Trump Coin (yes, really)
  • They think Trump Coin will rise like the Phoenix… or maybe like a meme on Reddit
  • Newsmax, which is basically Fox News’ more extreme cousin, is all in on Trump-crypto included!

In a bold move that screams “we’re not just any news outlet,” Newsmax announced on Oct. 16 that their board of directors have approved a strategic plan to snap up *up to* $5 million in Bitcoin and Trump Coin. Who knew the future of finance involved so much… *Trump*? 💸

“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,” Newsmax CEO Christopher Ruddy said, presumably while wearing a red hat that says “Make Crypto Great Again.”

And because they’re not here to make *just* any financial statement, Newsmax will also hold the “Official” Trump Coin (TRUMP). Yes, that’s a thing. I’m guessing they’re betting on the success of Trump’s presidency to drive the value of this *memecoin* to the moon. 🚀

Now, before you go out and trade your savings for Trump Coin, let’s be clear. This move is mostly about branding and… probably a little about branding. In reality, $5 million is *tiny* compared to Newsmax’s $1.4 billion valuation. But hey, it’s all about looking like you’re on the cutting edge of finance, right? 😉

Breaking News: Newsmax Adds Trump Coin to Treasury Portfolio… Because Why Not?

Let’s face it, adding Bitcoin and Trump Coin to Newsmax’s reserves isn’t going to make investors jump for joy-unless your idea of joy is laughing at a meme. The firm’s holdings are about as relevant to the crypto market as my dog’s opinion on NFTs. But, in a world where branding is king, this move is pretty *on-brand* for Newsmax, who is all about flexing their pro-Trump stance.

“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, which so far has been impressive,” Ruddy continued, likely not in a room full of people who also think the Trump presidency was a financial triumph. But hey, what do I know?

And just when you thought it couldn’t get any crazier: Newsmax went public in March 2025 with a $300 million raise. Who needs stability when you’ve got a Trump Coin portfolio, right? 🤷‍♂️

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2025-10-17 17:41