Thumzup Media Embraces Cryptocurrency with Bold Investment Strategies
2025-07-18 08:15:08
Main Idea
Thumzup Media has approved holding up to $250 million in cryptocurrencies for its treasury, influenced by crypto-friendly policies, with notable investment from Donald Trump Jr.
Key Points
1. Thumzup Media's board approved holding Bitcoin, Ethereum, Solana, XRP, Dogecoin, Litecoin, and USD Coin in its treasury, up to $250 million.
2. CEO Robert Steele cited crypto-friendly policies in Washington as a factor in the decision.
3. Donald Trump Jr. holds approximately 350,000 shares of Thumzup, valued at around $4 million.
4. Thumzup reported a net loss of $2.2 million in the first quarter of the year, compared to a $330,712 loss in the same period last year.
5. Despite recent losses, Thumzup's shares have increased by 267% since the beginning of the year.
Description
Thumzup Media plans a $250 million cryptocurrency acquisition, including popular digital currencies. CEO Robert Steele attributes strategy acceleration to supportive policies in Washington. Continue Reading: Thumzup Media Embraces Cryptocurrency with Bold Investment Strategies The post Thumzup Media Embraces Cryptocurrency with Bold Investment Strategies appeared first on COINTURK NEWS .
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