Two public companies from the USA — Thumzup Media and KULR Technology Group — have announced investments in Bitcoin. Both firms intend to hold up to 90% of their liquid assets in the first cryptocurrency.
Thumzup Media announced the acquisition of 9.783 BTC for $1 million on January 7, 2025. The average purchase price was $102,220.
According to the press release, the company's board of directors will consider the possibility of further investments in Bitcoin. The company intends to hold up to 90% of its liquid assets in the first cryptocurrency.
Additionally, Thumzup Media will pay independent contractors (gig workers) in Bitcoin. This practice is expected to begin in the coming weeks.
Shares of Thumzup Media (TZUP) surged momentarily on the news. On January 7, the price of these securities broke the $4.3 level but then retreated:#CryptoMarketDip #MicroStrategyAcquiresBTC #BTC走势分析 #CryptoMarketDip #AIMarketCapDip
