Thumzup Media Corporation (“Thumzup” or the “Company”) (Nasdaq: TZUP), an emerging leader in social media brands and programmatic marketing solutions, today announced that it purchased 9,783 Bitcoin (“BTC”) for approximately $1 million, at an average price . of $102,220 per BTC.
Management seeks authorization from its Board of Directors to hold up to 90% of its liquid assets in BTC for additional and ongoing Bitcoin purchases as part of its treasury asset strategy announced on November 15, 2024.
Coinbase (Nasdaq: COIN) The Prime platform acts as a custodian and provides self-custody 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
