US-based ad tech company #THUMZUP Media has taken a significant step in the crypto world. The company announced that its board of directors has decided to create a massive crypto investment portfolio consisting of up to $250 million in Bitcoin ($BTC ) and various popular altcoins. This decision has resonated not only with the tech world but also with the politically-driven crypto market. Among the company's investors is Donald Trump Jr., son of US President Donald Trump.
🔍 What is Thumzup Media?
Founded in Los Angeles in 2020, Thumzup Media is an innovative ad tech company that enables users to earn income by sharing branded content on social media platforms. The platform is known for its "reward-based sharing" model, which aims to turn users into content creators.
💰 Crypto Investment Plan: Which Coins to Invest In?
According to Thumzup Media's official statement on Thursday, the company's crypto portfolio will include the following coins:
Bitcoin (BTC)
Ethereum (ETH)
Litecoin (LTC)
USD Coin (USDC) – as a stablecoin
This move demonstrates that the company plans to expand beyond Bitcoin and into the wider crypto market.
🧠 CEO Issues Clear Message: "We Will Be at the Forefront of Crypto!"
Thumzup Media CEO Robert Steele stated that the positive steps taken by the US towards crypto have influenced this investment strategy. Key points from Steele's statement:
"By diversifying our crypto assets, we will provide broader access to the wider market. With the further clarification of US policies towards crypto, Thumzup will continue to be at the forefront of this innovative technology."
🇺🇸 The Trump Jr. Effect: Politics and Crypto Go Hand in Hand!
It's insufficient to evaluate Thumzup Media solely on its investment news. Donald Trump Jr.'s ownership of 350,000 shares of the company (worth approximately $4 million) elevates this move to a whole new level. Trump Jr. and his brother Eric Trump are advisors to the parent company of Dominari Securities, to which the company is making a private stock sale. This is a significant signal that politically powerful families are becoming more directly involved in the crypto ecosystem.
📉 Stock Performance and Financials
Thumzup Media (NASDAQ: TZUP) closed at $12.59 on Thursday, down 2.93%.
However, the stock has gained 267% since the beginning of the year, proving strong investor interest.
Meanwhile, the company reported a net loss of $2.2 million in the last quarter. This is a significant increase compared to a loss of $330,000 in the same period last year.
🧩 What Does It Mean?
Trump Jr.'s investment demonstrates the growing influence of political actors in the crypto market.
Thumzup's $250 million crypto purchase confirms the ongoing wave of institutional investment in the market.
Such purchases can positively impact price movements in Bitcoin and altcoins.
🔮 Conclusion: Crypto Has Gained a Political Wing!
Thumzup Media's crypto foray carries not only a financial message but also a political one: Crypto is now the domain not only of tech enthusiasts but also of powerful figures in the political arena. This investment initiative, an extension of the Trump family, is a strong signal that the crypto world may face greater political influence in the future.
