Thumzup Media Corporation announced that its Board of Directors has authorized the allocation of up to 90% of the company's surplus cash to be held in Bitcoin. This decision supports the company's ongoing Bitcoin acquisition efforts.
This strategic move reflects Thumzup's confidence in Bitcoin as a long-term store of value and a groundbreaking asset class. By diversifying its treasury assets, the company aims to optimize its financial stability and create additional value for shareholders.
The company had previously purchased $1 million in BTC on January 6, 2025, and plans to continue accumulating Bitcoin. Thumzup also intends to begin paying gig-economy workers in BTC in the coming weeks, integrating Bitcoin into its operational framework.
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