PR Newswire
Thumzup is Authorized to Hold up to 90% of Surplus Cash in Bitcoin
Company Expects to Gain Rank in The HODL Top 70, a Ranking of Publicly Traded Companies Owning the Most Bitcoin
[1]
Legislation to Establish Strategic Bitcoin Reserves has been Introduced in Six States
[2]
LOS ANGELES
, Jan. 30, 2025 /PRNewswire/ — Thumzup Media Corporation (“Thumzup” or the “Company”) (Nasdaq: TZUP), an emerging leader in social media branding and programmatic marketing solutions, announced today that it has further bolstered its Bitcoin (“BTC”) holdings to 19.106 BTC.
The Company’s decision to increase its exposure to Bitcoin demonstrates its commitment to diversifying treasury assets and capitalizing on the potential of digital assets.
Thumzup’s ongoing strategy to integrate Bitcoin into its financial operations aligns with its broader treasury asset strategy, initially outlined on November 15, 2024. By securing a significant portion of its liquid assets in Bitcoin, Thumzup aims to enhance financial stability and drive shareholder value over the long term.
“We see Bitcoin not only as a strategic asset for treasury management but also as a fundamental component of our vision for the future of digital finance,” commented Robert Steele, Chief Executive Officer of Thumzup Media Corporation. “This investment reflects our confidence in Bitcoin‘s role as a store of value and its potential to reshape global financial markets.”
The Thumzup app is available for download on the App Store and Google Play.
[1] https://x.com/HODL15Capital/status/1878955046551109760/photo/1
[2] https://bitcoinist.com/oklahoma-becomes-6th-state-to-embrace-bitcoin/
About Thumzup®
Thumzup Media Corporation (Thumzup) is democratizing the multi-billion dollar social media branding and marketing industry. Its flagship product, the Thumzup platform, utilizes a robust programmatic advertiser dashboard coupled with a consumer-facing App to enable individuals to get paid cash for posting about participating advertisers on major social media outlets through the Thumzup App. The easy-to-use dashboard allows advertisers to programmatically customize their campaigns. Cash payments are made to App users/creators through PayPal and other digital payment systems.
Thumzup was featured on CBS Los Angeles and in KTLA.
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SOURCE Thumzup Media Corporation
