Thumzup Buys $1 Million in Bitcoin to Diversify Liquid Assets
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.
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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