- Thumzup Media Corporation, a company at the forefront of modernizing the social media branding and marketing industry, just announced a $1 million investment in the purchase of 9.783 Bitcoin (“BTC”).
- Management has also requested the Board of Directors to authorize the holding of up to 90% of liquid assets in BTC.
- Analysts estimate that BTC could increase in value between $150,000 and $200,000 over Q1 2025.
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, recently announced the purchase of 9.783 Bitcoin (“BTC”) for approximately $1 million, diversifying its liquid assets (https://ibn.fm/Sc0fi).
This investment follows the recent ambitious move to expand to South Florida as part of the company’s growth strategy. It also follows another key milestone for the company – surpassing 600 advertisers on its platform.
Thumzup’s management has also requested approval from its Board of Directors to allow up to 90% of liquid assets to be in BTC. Coinbase’s Prime platform holds these assets for ease of transactions and investment monitoring. As an added functionality, Thumzup looks to begin paying gig economy workers in BTC in the coming weeks in compliance with all applicable laws and regulations (https://ibn.fm/Sc0fi).
2024 marked a major jump for BTC, having crossed the $100,000 threshold, demonstrating its potential as an asset class that can be leveraged to store wealth. Analysts estimate that by Q1 2025, the value of BTC could grow to between $150,000 and $200,000, contingent on global liquidity and institutional inflows (https://ibn.fm/TVlgp).
Thumzup understands these market dynamics and looks to capitalize on the anticipated growth. It looks to grow its investment in BTC, all while further empowering digital content creators and social media users through the rapidly growing use of its unique marketing platform.
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
