Bitcoin, XRP and Ethereum will go to Thumzup Media Treasury
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“Thumzup Media wants to be at the forefront of this innovative technology,” says the company.
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Donald Trump Jr. is one of the investors in Thumzup Media.
Bitcoin (BTC) corporate treasury and cryptocurrencies continue to earn traction in the world. Now, the company dedicated to digital marketing, Thumzup Media, announced that it will maintain up to 250 million dollars in different digital assets such as strategic reserve.
According to the company, the Board of Directors of Thumzup Media authorized to allocate such money to accumulate Bitcoin, Ethher (ETH), Solana (Sol), XRP, Dogecoin (Doge), Litecoin (LTC) and the USD Coin (USDC) stablocoin (USDC).
Robert Steele, the executive director of Thumzup Media, said that this company is committed to “remain at the forefront” of the transforming technology of cryptocurrencies. The latter, “as the Federal Government of the United States advances towards more favorable policies to cryptocurrencies and greater regulatory clarity.”
“By diversifying our cryptocurrency portfolio to obtain a broader exposure to the market as a whole, we believe that Thumzup is optimally positioned to create a significant value for Tzup shareholders,” he said.
After the announcement, the company’s actions, which is quoted in Nasdaq under the Tzup ticket, had a mixed reaction. Initially they fell 13.6%, going from USD 13.02 to USD 11.4. Although they then undertook a 9.65%recovery, passing to USD 12.5.
The recovery is more accentuated in the pre-market, where the actions of Thumzup Media quote USD 12.80, as seen in the following graph provided by TradingView.
Thumzup Media is one of the first companies that began to adopt BTC as a strategic reserve asset. Since November last year, the company appeared among the corporations that Bitcoin added to their balances to leave it as a long -term investmentas reported cryptootics.
Donald Trump Jr., one of the children of US President, is an investor in Thumzup Media Corporation. The businessman also acquired 350,000 shares of the company, with an approximate value of more than USD 4 million.
