Main to remember
- Thumzup Media Corporation has been authorized to contain up to $ 250 million in various cryptographic assets.
- The company’s portfolio now includes BTC, ETH, SOL, XRP, DOGE, LTC and USDC.
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Thumzup Media Corporation, the SaaS company based in California specializing in the brand’s brand and marketing, announced Thursday that it had obtained authorization from its board of directors to hold up to $ 250 million in crypto.
The company listed at Nasdaq currently holds 19 Bitcoin worth around 2.3 million dollars and plans to invest in the main altcoins, in particular Ethereum, Solana, XRP, Dogecoin, Litecoin and USDC. The expansion was approved by its board of directors earlier this month.
The details of the company’s provided for the company by piece were not disclosed.
Robert Steele, CEO of Thumzup, said in a press release that the diversification of the Thumzup portfolio was part of the company’s commitment to remain at the top of cryptographic innovation, which also complies with the embrace of the Crypto of the Trump administration.
American legislators adopted three major Crypto bills on Thursday, including the Genius Act, which is heading for Trump’s office for the signing. The adoption of these bills is a victory for pro-Crypto decision-makers and the digital asset industry, which has long dealt with regulatory uncertainty.
“By diversifying our cryptocurrency portfolio to acquire a greater exposure to the market as a whole, we believe that Thumzup is positioned optimally to create a significant value for TZUP shareholders,” said Steele.
Donald Trump Jr. is one of the shareholders of Thumzup. According to Bloomberg, Trump’s eldest son holds 350,000 shares in the company.
Thumzup actions (TZUP) increased in exchanges after opening hours, according to Yahoo Finance data. The stock is up approximately 84% in the last month.
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