Trump-Linked Company Expands into Crypto Mining After $50M Raise
Main Idea
Thumzup Media Corporation is expanding into cryptocurrency mining and blockchain investments after securing $50 million in funding, with notable holdings in Bitcoin and plans to diversify into other cryptocurrencies.
Key Points
1. Thumzup Media Corporation plans to use part of its $50 million funding to develop advanced cryptocurrency mining infrastructure.
2. The company currently holds 19.1 Bitcoin and has approval to diversify its holdings to include Dogecoin, Litecoin, Solana, XRP, Ether, and USDC.
3. Donald Trump Jr. is a notable shareholder, having purchased 350,000 shares in July for nearly $3.3 million.
4. Thumzup's shares rose 7.62% in after-hours trading to $10.87, with the stock up nearly 195% in 2025.
5. Sweden’s H100 Group recently acquired 45.8 BTC, bringing its total to 809.1 BTC, the fourth-largest holding among European public companies.
Description
Thumzup Media Corporation has announced plans to dramatically expand its presence in the cryptocurrency sector following a $50 million funding round. The firm, which began as a social media marketing business, is now pivoting toward large-scale crypto mining and targeted blockchain investments. New Strategy and Investments The company revealed it will use part of the funding from its $10-per-share offering to develop “state-of-the-art cryptocurrency mining infrastructure.” It is currently engagi...
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