ChainCatcher message: According to the official announcement, the social media branding and programmatic marketing solutions 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. Coinbase Prime serves as the custodian, providing self-custody wallet services for Thumzup's BTC.
The announcement states that the company's management is requesting authorization from the board to hold up to 90% of its liquid assets in the form of bitcoin in order to continuously purchase bitcoin, as part of its financial asset strategy announced on November 15, 2024. Thumzup expects to begin paying gig economy workers in BTC in the coming weeks and will comply with all applicable laws and regulations.
