Thumzup Media Corporation announced it has purchased 9.783 Bitcoin (BTC) for approximately $1 million. The acquisition was made at an average price of $102,220 per BTC.
This purchase is part of the company's Treasury Asset Strategy, initially announced on November 15, 2024. Management is requesting Board authorization to hold up to 90% of its liquid assets in BTC for ongoing Bitcoin purchases.
Coinbase’s Prime platform serves as the custodian for Thumzup’s BTC holdings. The company also expects to begin paying gig-economy workers in BTC in the coming weeks, in compliance with applicable laws and regulations.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.