Thumzup Expands Crypto Financial Strategy with Investment from Donald Trump Jr.
According to ChainCatcher, as reported by The Block, Nasdaq-listed Thumzup Media Corporation has announced an expansion of its corporate financial strategy from Bitcoin to include a range of digital assets such as Ethereum (ETH), Solana (SOL), XRP, Dogecoin (DOGE), Litecoin (LTC), and the stablecoin USDC issued by Circle. The company also revealed that Donald Trump Jr., son of the U.S. President, holds 350,000 shares in the company, valued at approximately $4 million based on the current market price.
Previously, Thumzup’s board of directors had approved allocating up to 90% of its liquid assets to cryptocurrencies, and as of July 8, the company held 19,106 BTC.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
glassnode: Bitcoin’s Current Price Rebound Is Mainly Driven by Leverage, with Insufficient Spot Demand
A trader holds a $313 million Bitcoin long position, with nearly $7 million in profits
U.S. Treasury Officially Repeals Cryptocurrency Broker Reporting Rule
U.S. State Department may launch large-scale layoffs as early as Friday
Trending news
MoreCrypto prices
More
