Thumzup Board of Directors Approves Bitcoin as Treasury Reserve Asset
November 15 2024 - 7:30AM
Thumzup Media Corporation ("Thumzup" or the "Company") (Nasdaq:
TZUP), a leading provider of innovative social media branding and
marketing solutions that allow businesses and brands to pay
customers and fans cash through Venmo and PayPal for their posts on
social media, announced today that the Company’s Board of Directors
approved the purchase of up to $1 million in Bitcoin.
“As demand for Bitcoin increases and it gains
recognition as a leading asset class, we believe it will serve as a
robust reserve asset for our treasury," said Robert Steele, Chief
Executive Officer of Thumzup Media Corporation. “With the newly
sanctioned Bitcoin ETFs and growing backing from institutional
investors, Bitcoin presents a strong addition to our treasury
approach. Its finite supply and inflation-resistant qualities
enhance its role as a reliable asset for preserving value."
About Thumzup®
Thumzup Media Corporation (Nasdaq: TZUP) 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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Company ContactThumzup Investor
Relationsinvestors@thumzupmedia.com800-403-6150
Media ContactJessica
Starmanmedia@thumzupmedia.com
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