Trump Jr.-tied firm raises $50M for crypto, mining as Bitcoin peaks

Key Points

1. Thumzup Media Corporation announced a $50 million investment in cryptocurrency and mining infrastructure, expanding its crypto-related strategy.

2. The firm currently holds 19.1 Bitcoin, purchased in early January, joining a trend of public companies buying cryptocurrencies to boost share prices.

3. Donald Trump Jr. owns 350,000 shares in Thumzup.

4. Bitcoin reached a record high of over $124,000, with traders anticipating it could surpass $125,000.

5. Thumzup's shares rose 7.62% in after-hours trading following the announcement, despite a slight loss during the regular trading day.

6. Sweden's H100 Group increased its Bitcoin holdings to 809.1 BTC, ranking 42nd globally among publicly-traded firms.