Hold onto your hats, folks! Nasdaq-listed Thumzup Media Corporation has just given the green light to a new treasury strategy that’s gonna have you saying “Wow, just wow!”
On July 17, the company’s Board of Directors authorized Thumzup to hold up to $250 million in cryptocurrency. And get this, they’re not just sticking to one or two coins – they’re going all in with Bitcoin (BTC), Ether (ETH), Solana (SOL), XRP (XRP), Dogecoin (DOGE), Litecoin (LTC), and the stablecoin USD Coin (USDC).
Thumzup says this decision is part of a wider strategy to stay ahead of the digital finance game and expand its exposure to the crypto market. Alongside their growing AdTech platform, which rewards users for sharing branded content on social media, Thumzup is also developing a patent-pending AI-powered lifestyle marketplace. Talk about a jack of all trades!
This new crypto treasury aligns with recent regulatory changes that favor more transparent crypto policy frameworks in the U.S. It puts Thumzup in a prime position to participate more actively in the digital asset economy. 💸
No timeline was provided for the allocation, but the board’s approval gives Thumzup the flexibility to gradually accumulate digital assets up to the authorized limit. So, keep an eye out for those sneaky crypto purchases!
Thumzup joins a growing number of public companies adding crypto to their balance sheets. Bitcoin leads as the dominant treasury asset, with about 272 companies now holding BTC in their balance sheets, as tracked by BitcoinTreasuries.Net. But hey, who needs to follow the crowd when you can blaze your own trail, right? 🔥
Although Bitcoin is still the most widely adopted treasury asset, a number of companies have branched out into other cryptocurrencies like ETH, SOL, and XRP. Thumzup’s diversified approach echoes this trend. 🌈
Short-term company valuations have previously been significantly impacted by crypto treasury announcements. For instance, following the disclosure of their Solana and Ethereum holdings, respectively, Upexi and SharpLink experienced triple-digit stock increases. However, both later experienced sharp retracements, demonstrating the volatility risk. Thumzup stock is yet to show any major shift driven by the new strategy. 📈
Public companies have been raising money for cryptocurrency purchases through a range of arrangements, such as convertible debt, ATM equity offerings, and PIPE deals. Thumzup has not indicated whether it will pursue similar mechanisms. 🤫
Read More
- USD CHF PREDICTION
- SOL CAD PREDICTION. SOL cryptocurrency
- TAO PREDICTION. TAO cryptocurrency
- ETC PREDICTION. ETC cryptocurrency
- EUR VND PREDICTION
- STETH AUD PREDICTION. STETH cryptocurrency
- ENA PREDICTION. ENA cryptocurrency
- Market Mayhem: Cardano’s Tragic Misadventures—Will ADA Survive Its Shakespearean Plunge? 🎭📉
- Is XRP the Jeeves of Crypto? BTC Veterans Spill the Beans 🍽️
- Erebor’s Daring DeFi Adventure: Will Stablecoin Banks Inherit Weaknesses?
2025-07-18 08:56