NewsMax Don Bet $5M for Bitcoin and Trump Coin Amid 70% Drop
NewsMax (NASDAQ: NMAX) go invest up to $5 million over 12 months for Bitcoin (BTC) and Official Trump Coin (TRUMP), after dem board approve am on Oct 16, 2025. Dis one make dem be di first NYSE-listed company wey get TRUMP tokens plus di 100th public company wey adopt Bitcoin. Di strategy balance Bitcoin stable side wit di high risk and high reward potential wey Trump memecoin get, cause former president pro-crypto influence. As dem announce am, one wallet snap buy TRUMP worth $4 million but di price don fall 70% from $16 peak to like $1.25. NewsMax stock rise 3% for after-hours trading but crypto reserves na small small part of the company wey dem value $1.4 billion since di IPO for March 2025. CEO Christopher Ruddy talk say Bitcoin na di gold standard for cryptocurrency and expect say TRUMP go follow track Trump presidency progress. Traders suppose balance Bitcoin wey dem adopt inside big companies and di big downside wahala for Trump Coin. Technical signs for TRUMP dey show bearish trend wit five times lower low and e break key support.
Bearish
Trump Coin sharp 70% drop and bearish technical signals—five straight lower lows and break below key support—point to more downside risk. Even though NewsMax dey boost institutional crypto adoption, e no stop di selling pressure on TRUMP. For short term, traders supposed brace for more losses for Trump Coin. For long term, e performance go depend on Trump political momentum, while Bitcoin adoption dey on separate, more stable path.