Thumzup Buys $1 Million in Bitcoin to Diversify Liquid Assets

Thumzup Media (Nasdaq: TZUP) has announced the purchase of 9.783 Bitcoin (BTC) for approximately $1 million, at an average price of $102,220 per BTC.

Thumzup (Nasdaq: TZUP) has announced the purchase of 9.783 Bitcoin (BTC) for approximately $1 million, at an average price of $102,220 per BTC. The company's management is seeking board approval to hold up to 90% of its liquid assets in BTC 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 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.