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Donald Trump Jr. acquires stake in Bitcoin-heavy social media company Thumzup

2025-07-10 06:57:17

Main Idea

Donald Trump Jr. has invested in Thumzup Media Corp., a social media company building a Bitcoin treasury, reflecting the Trump family's growing involvement in cryptocurrency-related ventures.

Key Points

1. Donald Trump Jr. acquired 350,000 shares of Thumzup Media Corp., valued at over $4 million, as part of a $6 million private placement arranged by Dominari Securities.

2. Thumzup Media Corp. reported a $2.2 million loss in the first quarter of 2025, with revenue of just $151.

3. Thumzup began purchasing Bitcoin in November 2024, approving plans to buy up to $1 million in BTC, and by January 2025, it held 19.106 BTC valued at approximately $2 million.

4. The Trump family has expanded its crypto-linked activities, including Eric Trump joining the advisory board of Metaplanet, a Japanese Bitcoin-holding firm, and Trump Media & Technology Group planning to allocate funds toward Bitcoin.

5. World Liberty Financial, a venture by Donald Trump and his sons, has issued a stablecoin that recently attracted over $100 million in investment.

Description

President Donald Trump’s eldest son, Donald Trump Jr., has invested in Thumzup Media Corp., a social media firm building a Bitcoin treasury. According to Bloomberg , Trump Jr. acquired 350,000 shares of the Los Angeles-based company, valued at over $4 million at the time of disclosure. Notably, the purchase was made following a recommendation from his investment adviser, and he has no active role within the company. The stake was revealed shortly after a $6 million private placement of convertib...

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