Freshly out of a capital increase of $ 50 million thanks to an offer of $ 10 per share, the company plans to extend its strategy to include Bitcoin operations on a large scale and targeted blockchain investments.
Source: ThumzupMedia.com
Part of the funds will purchase advanced mining platforms, with already in progress with technology suppliers to accelerate deployment.
Thumzup, which bought its first bitcoin in January and which now holds 19.1 BTC, joins an increasing list of public enterprises dealing Crypto as a strategic asset.
Donald Trump Jr. has 350,000 shares in the company.
Bitcoin rally on the wave macro
Building at the optimistic moment of Thumzup, Bitcoin exceeded $ 123,231 on August 13, a new record of all time on Coinbase.
The milestone came next to a Record S&P 500, because the softer than expected inflation data caused optimism on the risk markets.
The CPI of July was held stable by 2.7% in annual shift – lower than forecasts – while monthly prices growth has slowed down, strengthening betting on a drop in September.
The CME Fedwatch tool now puts these dimensions at almost 96%.
Source: cmegroup.com
The more loose monetary policy and the end of the quantitative tightening have so far supported the Bitcoin momentum.
Investors also see the effects on the part of a major bill by President Trump which gives way to more cryptography gains.
Trump Eyes fed the successor in the criticism of Powell
While the Bitcoin rally takes place, the political projector is also on the federal reserve.
President Donald Trump intensified his attacks on Jerome Powell, calling him “too late” and claiming “damage” as “incalculable”.
He castigated a Fed construction project of $ 3 billion such as “a job that should have been a correction of $ 50 million. Not good! “
Source: Social truth
Meanwhile, the administration checks 11 potential successors for the end of the term Powell in May.
The new names of the mixture include the Jefferies strategist, David Zervos, the former Fed governor, Larry Lindsey, and the CIO of BlackRock Rick Rieder. They join a list of experienced monetary policy hands.
Managers described the process as “deliberative”. The Treasury Secretary, Scott Bessent, should interview all the suitors before reducing Trump’s decision.
