Thumzup Bets Big on Bitcoin: 90% of Liquid Assets Allocated

Coin WorldThursday, Jan 30, 2025 10:13 am ET

1min read

Thumzup Media Corporation, a NASDAQ-listed company, has made a strategic move by allocating 90% of its liquid assets to Bitcoin. In a shareholder letter released on January 30th, the company highlighted its enhanced focus on cryptocurrency investments, reflecting a broader trend in the financial landscape. On January 17th, the Board officially approved the decision to allocate up to 90% of its liquid assets towards Bitcoin, reinforcing Thumzup's commitment to integrating Bitcoin into its financial framework.

This strategic pivot not only positions Thumzup to leverage Bitcoin as a payment solution but also as a core component of its overall asset management approach. In a decisive move to capitalize on market opportunities, Thumzup invested $2,000,020 to acquire 19.106 BTC, thereby enhancing its digital asset portfolio. The company's forward-thinking initiatives illustrate a strong dedication to innovation while expanding user options in the evolving cryptocurrency market.

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