Thumzup Explores Adding Dogecoin and Other Cryptocurrencies to Bitcoin Holdings
2025-07-09 22:49:32
Main Idea
Thumzup is considering diversifying its crypto treasury beyond Bitcoin, exploring assets like Dogecoin, Solana, XRP, and Ethereum, following a $6.5 million fundraising round.
Key Points
1. Thumzup currently holds over 19 BTC valued at approximately $2.1 million and is evaluating the addition of Dogecoin (DOGE), Litecoin (LTC), Solana (SOL), XRP, Ethereum (ETH), and USDC.
2. The company's decision follows a successful $6.5 million fundraising round, with due diligence emphasized before committing capital.
3. CEO Robert Steele highlighted Bitcoin's emerging status as 'digital gold' and the company's focus on maximizing financial strategies.
4. Thumzup's move coincides with heightened investor interest, including Donald Trump Jr.’s acquisition of 350,000 shares in the company, valued at over $4 million.
5. The inclusion of stablecoins like USDC indicates an interest in liquidity and risk management within the treasury portfolio.
Description
Thumzup, a publicly traded social media marketing tech company, is evaluating expanding its corporate treasury beyond Bitcoin to include cryptocurrencies like Dogecoin, Solana, XRP, Ethereum, and USDC. The Los Angeles-based
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