Thumzup (TZUP) Buys $1M BTC to Diversify Liquid Assets

Thumzup Media Corporation ("Thumzup" or the "Company") (Nasdaq: TZUP), an emerging leader in social media branding and programmatic marketing solutions, today announced that it has purchased 9.783 Bitcoin (“BTC”) for approximately $1 million, at an average price of $102,220 per BTC.

Management is requesting authorization from its Board of Directors to hold up to 90% of its liquid assets in BTC for additional, ongoing Bitcoin purchases as part of its Treasury Asset Strategy announced on November 15, 2024.

Coinbase’s (Nasdaq: COIN) Prime platform serves as custodian and provides self-custodial wallet services for Thumzup’s BTC.

Thumzup expects to begin paying gig-economy workers in BTC in the coming weeks, in compliance with all applicable laws and regulations.

[1] https://bravenewcoin.com/insights/bitcoin-hoarders-of-2024-the-hodl-top-70-and-their-crypto-treasuries

You May Also Be Interested In

• WW International (WW), Lender Advisors Commence Talks - Bloomberg
• EnerSys (ENS) Completes Negotiation of U.S. DOE Award Supporting Development of Lithium-ion Gigafactory
• Peloton (PTON) Appoints CEO Peter Stern to its Board