Thumzup Media Corporation, a social media branding and marketing solutions company, announced that it has bolstered its Bitcoin holdings to 19.106 BTC, further increasing its exposure to the digital asset. The company’s decision demonstrates its commitment to diversifying treasury assets and capitalizing on the potential of Bitcoin.
Thumzup’s ongoing strategy to integrate Bitcoin into its financial operations aligns with its broader treasury asset strategy, initially outlined in November 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.
The company expects to gain rank in The HODL Top 70, a ranking of publicly traded companies owning the most Bitcoin. Legislation to establish strategic Bitcoin reserves has also been introduced in six states.
Thumzup’s CEO, Robert Steele, comments that “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.” The Thumzup app is available for download on the App Store and Google Play.
The company has made significant progress in its expansion plans, with the announcement of increased Bitcoin holdings coming just weeks after it doubled its investment to $2 million.
Source: https://finance.yahoo.com/news/thumzup-media-corporation-doubles-bitcoin-171500358.html