Thumzup Buys $1 Million in Bitcoin to Diversify Liquid Assets
January 07 2025 - 2:00PM
Business Wire
Management is Requesting Board Approval to Hold
up to 90% of Liquid Assets in Bitcoin
Coinbase’s Prime Platform Serves as Custodian
for Thumzup’s BTC
Thumzup Expected to be Added to the HODL Top
70[1]
Thumzup Media Corporation ("Thumzup" or the "Company") (Nasdaq:
TZUP), an emerging leader in social media branding and programmatic
marketing solutions, today announced that it has purchased 9.783
Bitcoin (“BTC”) for approximately $1 million, at an average price
of $102,220 per BTC.
Management is requesting authorization from its Board of
Directors to hold up to 90% of its liquid assets in BTC for
additional, ongoing Bitcoin purchases as part of its Treasury Asset
Strategy announced on November 15, 2024.
Coinbase’s (Nasdaq: COIN) Prime platform serves as custodian and
provides self-custodial wallet services for Thumzup’s BTC.
Thumzup expects to begin paying gig-economy workers in BTC in
the coming weeks, in compliance with all applicable laws and
regulations.
[1]
https://bravenewcoin.com/insights/bitcoin-hoarders-of-2024-the-hodl-top-70-and-their-crypto-treasuries
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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Contact Info investors@thumzupmedia.com 800-403-6150
Media Contact Jessica Starman media@thumzupmedia.com
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