05:01 PM EDT, 10/16/2025 (MT Newswires) -- Newsmax ( NMAX ) said Thursday its board has approved a purchase plan of up to $5 million to buy bitcoin and Trump Coin in the next 12 months, subject to market conditions.

The company said it is also planning to add Trump Coin to its cryptocurrency reserve.

Newsmax ( NMAX ) shares were up 3.2% in after-hours activity.