Thumzup buys Bitcoin, seeks more crypto holdings By Investing.com
LOS ANGELES – Thumzup Media Corporation (NASDAQ:TZUP), a company specializing in social media branding and programmatic marketing, has acquired 9.783 (BTC) for an approximate total of $1 million. The purchase price per Bitcoin averaged $102,220.
The company has also disclosed its intent to potentially convert up to 90% of its liquid assets into Bitcoin, pending approval from its Board of Directors. This move is part of Thumzup’s Treasury Asset Strategy, initially announced on November 15, 2024.
Coinbase’s (NASDAQ:) Prime platform, operated by the $66.91 billion market cap cryptocurrency exchange, is currently responsible for the custodial services of Thumzup’s Bitcoin holdings. According to InvestingPro data, Coinbase has…
