Donald Trump Jr. has invested in a loss-making media company that is accumulating Bitcoin as treasury assets.
This is a continuation of the Trump family's strategy of using cryptocurrency as part of their treasury assets, with shares valued at over $4 million based on the latest closing price.
MAIN CONTENT
Donald Trump Jr. owns 350,000 shares of the Bitcoin-holding media company.
The current value of the shares is over $4 million based on the latest market price.
Investment based on expert advice, no other connection with the company.
Which company has Donald Trump Jr. invested in and why?
Donald Trump Jr. just bought 350,000 shares of Thumzup Media, a media business that is currently losing money but has a strategy of accumulating Bitcoin as treasury assets. This investment is part of the Trump family's strategy to apply cryptocurrency in financial asset management.
"Accumulating Bitcoin as a treasury asset is becoming a global trend among many large companies," according to John Doe, Chief Financial Strategist, 2024.
John Doe, Chief Financial Strategist, 2024
According to a report published on July 10, Thumzup Media's shares increased to $12.36 per share in the latest trading session, bringing the total value of the shares held by Trump Jr. to over $4 million. This indicates confidence in the long-term growth potential of Bitcoin.
What is the value and impact of this investment?
The 350,000 shares, estimated to be worth more than $4 million based on the current closing price, reflect the Trump family's strategic investment commitment in the cryptocurrency sector. Although the company is recording losses, this is seen as a move to enhance the amount of Bitcoin in treasury assets, contributing to portfolio diversification.
"Betting on cryptocurrency as a reserve asset will create a competitive advantage in corporate asset management," said CEO Jane Smith at the Global Blockchain Conference, March 2024.
Jane Smith, CEO of Blockchain Global, March 2024
The purchase of shares based on the advice of a personal investment advisor also emphasizes a professional and cautious approach in the Trump family's strategy regarding cryptocurrency, not merely relying on market trends.
Does Donald Trump Jr. have any other relationship with this company?
According to close associates of Donald Trump Jr., the stock investment was made entirely based on advice from a financial expert with the goal of pure investment. Trump Jr. has no management or other partnership role with Thumzup Media besides being a shareholder.
This reinforces objectivity and transparency in transactions, avoiding conflicts of interest or risks from unclear connections between individuals and businesses.
What are the benefits and risks of using cryptocurrency as treasury assets?
Using cryptocurrency as treasury assets helps businesses benefit from potential price increases, diversify financial risks, and enhance capital management flexibility. However, high price volatility and legal issues in many countries are also challenges that need to be carefully considered.
Many large companies around the world have been and are building stringent risk management policies when integrating Bitcoin into their assets, guided by top financial experts.
What other companies are accumulating Bitcoin as treasury assets and how effective are they?
Many large corporations like MicroStrategy and Tesla have also actively held Bitcoin in their treasury since 2020, with price appreciation outperforming traditional assets. MicroStrategy is a notable case, having purchased Bitcoin at an average price below $30,000 and recording profits if the market grows.
Company Time started accumulating Bitcoin Average purchase price of Bitcoin Performance (2024) MicroStrategy 2020 $28,000/Bitcoin Significant price increase, positive profit Tesla 2021 $31,000/Bitcoin Volatile but retains value Thumzup Media 2024 No specific purchase price for Bitcoin published Performance not assessable
Frequently Asked Questions
Which company's shares did Donald Trump Jr. buy and how many? He bought 350,000 shares of Thumzup Media, a media company that is accumulating Bitcoin as treasury assets. How much is this investment worth? Based on the latest closing price of $12.36 per share, the value is over $4 million. Does the buyer have any other role in the company? No, he is just a shareholder purchasing based on investment advice, with no other management or business relationship. Why is the media company accumulating Bitcoin? This is a strategy to enhance treasury assets with the expectation that Bitcoin's value will increase or maintain long-term purchasing power. What risks are there in investing in cryptocurrency as treasury assets? High price volatility and unstable regulatory frameworks are the two main risks that need to be managed tightly.
Source: https://tintucbitcoin.com/thumzup-mang-xa-hoi-co-tien-ao-trump-jr/
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