Thumzup to Use 90% of Company's Remaining Cash to Hold Bitcoin
On January 24, PRNewswire reported that Thumzup (NASDAQ: TZUP), a US-based social media brand, announced that the company's board of directors has authorized 90 percent of the company's remaining cash to be held in the form of Bitcoin.
Thumzup previously announced the use of Bitcoin as part of its financial asset strategy on November 15, 2024, purchasing $1 million worth of BTC on January 6, 2025, and plans to continue accumulating Bitcoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Analysis: BTC Whales May Be Accumulating at More Favorable Prices Amid Recent Market Downturn
Crypto Fear and Greed Index Drops to 43, Market Returns to Neutral
Trending news
MoreCrypto prices
More
