Key dealers
- Thumzup expands its crypto -state strategy with plans to acquire six altcoins.
- Donald Trump Jr. Acquired 350,000 shares in Thumzup Media Corp, which holds over $ 2 million in Bitcoin.
Thumzup Media, a Los Angeles-based company focused on the marketing of social media and crypto access strategies, announced Wednesday that the Board has approved a plan to expand its digital assets in addition to Bitcoin.
Media Startup, which pays users to market products on social media platforms such as Instagram, currently has over $ 2 million in Bitcoin.
The authorization means that Thumzup can start acquiring other crypto assets, including ether (ETH), Ripple (XRP), Solana (SOL), Dogecoin (Doge), Litecoin (LTC) and USD coin (USDC), the company specified in the message.
The latest developments follow a new Bloomberg Report Reveals that Donald Trump Jr., the oldest son of US President Donald Trump, owns 350,000 shares in the company, a proportion valued at over $ 4 million.
As reported, the investment was made on advice from his investment advisor, and he has no active role within the company.
The investment reflects a trend among Trump-connected devices that include crypto-state strategies. Trump Media, the parent company of Truth Social, has announced plans to allocate $ 2.3 billion to Bitcoin, while Dominari actively invests in Bitcoin ETFS.
Despite the high -profile support, Thumzup reported a loss of more than $ 2 million of $ 151 in revenue during the first quarter of 2025. The company’s shares fell almost 14% in intrade trading, according to Yahoo Finance Data.