Thumzup Media Corporation and Cryptocurrency Strategy
Thumzup Media Corporation (NASDAQ: TZUP), a SaaS company in Los Angeles specializing in marketing and social media advertising, has officially accepted Bitcoin as a strategic reserve asset. The company has filed Form S-3 with the U.S. Securities and Exchange Commission (SEC) to raise up to $200 million by issuing common stock, preferred stock, and units of options. In addition to general business objectives, these funds will be used to purchase Bitcoin, serving as a primary reserve asset.
Currently, Thumzup has accumulated approximately 29 BTC and plans to hold up to 90% of its surplus in Bitcoin. They are determined to be among the top 70 public companies holding Bitcoin.
Impact on Bitcoin Price
According to data from BitcoinTreasuries, approximately 190 organizations, led by public companies, hold over 3.26 million BTC. The involvement of countries in the Bitcoin market has accelerated the adoption rate of institutional investors as a hedge against macroeconomic risks and high inflation. Bitcoin's price is expected to perform strongly, in line with global money supply trends (M2) and gold prices, thanks to strong demand. From a technical analysis perspective, BTC's price is likely to reach new all-time highs before the end of Q2 2025.
Summary
Thumzup Media Corporation is using cryptocurrency not only as a reserve asset but also as an important part of their financial strategy. This reflects a new wave, as large public companies adopt cryptocurrency as part of a sustainable financial investment portfolio.
Source: https://tintucbitcoin.com/thumzup-media-huy-dong-toi-da-200-trieu-usd-mua-bitcoin/
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