Thumzup is considering buying altcoins
🅱️ The American marketing company Thumzup planned to invest $200 million in Bitcoin, but is currently waiting for SEC approval. The firm's balance holds only 19 BTC (~$2.1 million).
💎 Without waiting for the regulator, management received permission to explore investment potential in Dogecoin, Ethereum, Solana, XRP, Litecoin, and USDC. Stablecoins will be used as a means of payment.
"Does it make sense to only increase the supply of bitcoins, or is it time to look at DOGE and XRP?" — said director Robert Steel.
📉 Following the news, Thumzup's stock fell by 23%, but Donald Trump Jr. bought 350,000 shares for $4 million, which could bring positivity back to the market.
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