Thumzup Media Invests $1 Million in Bitcoin, Plans to Hold 90% of Liquid Assets in Crypto 🔥📈
Thumzup Media Corp., a U.S. publicly traded company, has purchased 9.783 BTC for approximately $1 million, with an average price of $102,220 per BTC. The company’s Treasury Asset Strategy seeks board approval to hold up to 90% of its liquid assets in bitcoin. Thumzup plans to begin paying gig economy workers in bitcoin, pending regulatory approval, and has partnered with Coinbase Prime for custody of its holdings. With a market cap of $33.6 million, Thumzup's $1 million investment represents 3% of its value. This bold move aligns the company with the growing trend of businesses adopting bitcoin as a treasury asset, and the bitcoin payment option may provide a unique advantage in the marketing industry.
