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.

Source

On January 7, 2025, the U.S. Bitcoin ETFs reported a total net inflow of 8,238 BTC, approximately valued at $828.6 million, indicating a dynamic day in the cryptocurrency investment landscape. Leading the inflows, Fidelity’s Bitcoin ETF (Ticker: $FBTC) added a significant 3,625 BTC to its holdings. ARK’s Bitcoin ETF (Ticker: $ARKB) also showed strong performance with an inflow of 1,495 BTC, and BlackRock’s Bitcoin ETF (Ticker: $IBIT) increased by 2,047 BTC.

Other funds with positive net flows included Invesco Galaxy’s Bitcoin ETF (Ticker: $BTCO) which gained 201 BTC, Valkyrie’s Bitcoin ETF (Ticker: $BRRR) with an increase of 82 BTC, Bitwise’s Bitcoin ETF (Ticker: $BITB) adding 697 BTC, VanEck’s (Ticker: $HODL) which rose by 57 BTC, and Grayscale’s BTC fund (Ticker: $BTC) with an increase of 88 BTC.

Conversely, some funds experienced outflows. Grayscale’s GBTC (Ticker: $GBTC) saw a reduction of 25 BTC, and Franklin Templeton’s Bitcoin ETF (Ticker: $EZBC) faced a smaller outflow of 29 BTC.

This daily report underscores the robust trading activity and strong investor interest in Bitcoin ETFs, contributing to the significant net gain in the market’s holdings.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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