Thumzup Media Approves $1 Million Bitcoin Purchase to Strengthen Reserves
đđđđđ
Thumzup has made an entry into Bitcoin investment. The acquisition of $1 million worth of Bitcoin by Thumzup Media Corporation is a bold financial move. The approved decision by the companyâs Board of Directors represents a new approach in managing the treasury reserves of the company listed on NASDAQ.
This decision seeks to leverage on the fact that Bitcoin cannot be inflated hence ensuring the companyâs future stability.Â
CEO Explains the Rationale
Robert Steele, CEO of Thumzup, emphasized that Bitcoinâs increasing demand and recognition as a leading asset class played a key role in the decision. He said that it has a certain number of bitcoins and efficiency of protection against inflation as some of the factors of it.Â
Moreover, the use of Bitcoin as a reliable reserve currency has been backed up by its entry into the market as an ETF and increase in institutional investors.
#bitcoinâïž #bitcoinâïž #Bitcoinâ #BinanceSquareFamily