• Thumzup recently raised $50 million through a public offering to expand into crypto mining as well as fund token purchases for its multi-asset treasury.

  • Donald Trump Jr. was listed as one of the largest selling shareholders.

Donald Trump Jr. was listed as one of the largest selling shareholders in another digital asset treasury company, Los Angeles-based social media firm Thumzup (ticker TZUP). The firm recently raised $50 million to expand into crypto mining as well as fund token purchases for its multi-asset treasury, including tokens like Dogecoin DOGE +4.85%

, Ether, Litecoin LTC +4.20%

, Solana SOL +7.25%

, and XRP +0.92%

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According to a filing with the U.S. Securities and Exchange Commission, President Donald Trump's eldest son held approximately 350,000 TZUP shares before the company’s secondary stock offering, which closed this week and is expected to net $46.5 million after fees.

Thumzup, the operator of an adtech app that enables users to earn cash for their social media content, is one of the latest public firms to announce a crypto acquisition strategy — part of a trend of so-called digital asset treasuries (DATs) that buy tokens using capital raised by public or private securities sales.$DOGE

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