- 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 (https://ibn.fm/lI1mu).
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 achieve its vision for the future of digital finance but also allow for the storage of value as time progresses.
“We see Bitcoin not only as a strategic asset for treasury management but also as a fundamental component of our vision for the future of digital finance,” noted Robert Steele, Thumzup’s CEO.
“This investment reflects our confidence in Bitcoin’s role as a store of value and its potential to reshape global financial markets,” he added (https://ibn.fm/lI1mu).
Going forward, Thumzup looks to begin paying gig-economy workers in BTC. This will mark a monumental step toward integrating BTC into its operational framework, ultimately differentiating itself from the other players in the market. Today, Thumzup ranks among the HODL Top 70, a ranking of publicly traded companies that own the most Bitcoin. Its ambitious move to invest in this currency is also a testament to what the future holds, not just for the company but for the United States (https://ibn.fm/cwh5z).
“I am excited about President Trump’s announcement at Davos on Thursday that he will make the United States the ‘World Capital of Artificial Intelligence and Crypto,’” noted Mr. Steele.
“Additionally, the President issued an Executive Order titled ‘Strengthening American Leadership in Digital Finance Technology’ on the same day. I believe that this initiative greatly strengthens the future of digital assets like Bitcoin and cryptocurrencies,” he added (https://ibn.fm/cwh5z).
For company information, visit www.ThumzupMedia.com.
NOTE TO INVESTORS: The latest news and updates relating to TZUP are available in the company’s newsroom at https://ibn.fm/TZUP
