🏢 THUMZUP EVALUATES TO BUY DOGECOIN, XRP, AND SOLANA FOR CORPORATE TREASURY

The marketing company Thumzup (listed on the stock exchange) announced plans to diversify its treasury beyond Bitcoin, considering $DOGE , $SOL , $XRP , Ethereum, Litecoin, and USDC. The decision comes after raising $6.5 million and an investment from Donald Trump Jr.

🔍 DETAILS OF THE STRATEGY

Ongoing evaluation: The board approved the analysis of 6 additional cryptocurrencies, but the final decision depends on "shareholder interest" (CEO Robert Steele).

Allocated capital: Part of the newly raised funds will be used for acquisitions.

Context: The company already holds 19 BTC ($2.1 million) and plans to allow crypto payments for influencers on its platform.

💼 TRUMP JR. INVESTMENT

SEC documents reveal the purchase of 350,000 shares ($4 million) by Donald Trump Jr.

The move aligns with the politician's strategy to bet on companies with crypto in their treasury.

Thumzup's shares fell 23% on the day of the announcement (closing at $9.50).

⚠️ BROADER PERSPECTIVE

Treasury growth: 143 public companies hold BTC (total: $93.3 billion), led by MicroStrategy ($66 billion).

Diversification risks: Analysts question exposure to volatile altcoins like Dogecoin in corporate reserves.

Thumzup's justification: "Bitcoin is becoming digital gold" (Steele, citing BTC's resilience amid trade tariffs).

"With the tariff announcements, you saw the S&P 500 drop while Bitcoin rose."

— Robert Steele, CEO of Thumzup

Is diversifying corporate treasuries into altcoins a natural evolution or excessive speculation?

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