PANews January 8 news, according to Businesswire, the American publicly listed company Thumzup Media Corporation (Nasdaq: TZUP) announced that it has purchased 9.783 bitcoins for approximately $1 million, at an average price of $102,220 per bitcoin. The Coinbase Prime platform acts as the custodian, providing self-custody wallet services for Thumzup's BTC. The announcement stated that the company's management is requesting the board's authorization to hold up to 90% of its liquid assets in the form of bitcoin to continue purchasing bitcoin, as part of its financial asset strategy announced on November 15, 2024. Thumzup expects to start paying wages in BTC to gig economy workers in the coming weeks, in compliance with all applicable laws and regulations.
