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Thumzup Media Corp. (NASDAQ: TZUP) Affirms Confidence In Bitcoin With $2 Million Purchase
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Thumzup media Corporation, a company at the forefront of modernizing the social media branding and marketing industry, just doubled its bitcoin (“BTC”) investment from $1 million to $2 million
This brings its BTC holdings to 19.106 in a move that demonstrates its commitment to diversifying treasury assets
Going forward, the company looks to begin paying gig-economy workers in BTC, a monumental step toward integrating it into its operational framework
This investment in BTC is a testament to what the future holds for the company, and aligns with its Treasury Asset Strategy that was announced on Nov. 15, 2024
Thumzup (NASDAQ: TZUP) , a Los Angeles-based company at the forefront of modernizing the social media branding and marketing industry with its unique platform designed to connect advertisers directly with everyday social media users, on Jan. 30, doubled its Bitcoin (“BTC”) investment from $1 million to $2 million. This brings its BTC holdings to 19.106 in a move that looks to increase the company's exposure to Bitcoin while also demonstrating its commitment to diversifying treasury assets and capitalizing on the potential of digital assets ( ).
Earlier in the year, Thumzup's Board of Directors authorized the allocation of up to 90% of the company's surprise cash to be held in Bitcoin. This aligned with the company's Treasury Asset Strategy that was announced on Nov. 15, 2024. For Thumzup's management, this strategy would not only allow it to...
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