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Thumzup Media Corp has taken a significant leap into the cryptocurrency world by acquiring $1 million in Bitcoin, marking a strategic enhancement to its financial portfolio. On January 6, 2025, the company secured 9.783 Bitcoins at an average price of $102,220 each, covering all fees and expenses. This purchase aligns with their innovative approach to asset management.
The company is pushing boundaries further by seeking approval from its Board of Directors to allocate up to 90% of its liquid assets in Bitcoin. Thumzup has partnered with Coinbase Prime for custodial services, ensuring their Bitcoin holdings are managed securely through state-of-the-art self-custodial wallet services.
Thumzup’s forward-thinking strategy extends to its payroll practices, with plans to compensate gig-economy workers in Bitcoin. This move adheres to all relevant laws and regulations, positioning Thumzup as a pioneer in integrating cryptocurrency into traditional business operations.
