CoinVoice has recently learned that, according to an official announcement, Thumzup Media Corporation (NASDAQ: TZUP), a social media brand and programmatic marketing solutions company, has purchased 9.783 Bitcoins for approximately $1 million, at an average price of $102,220 per Bitcoin. The Coinbase Prime platform serves as the custodian, providing self-custody wallet services for Thumzup's BTC.
The announcement states that the company's management is requesting the board of directors' authorization to hold up to 90% of its liquid assets in the form of Bitcoin, in order to continuously purchase Bitcoin. This is part of its financial asset strategy announced on November 15, 2024. Thumzup is expected to begin paying gig-economy workers in BTC within the next few weeks and will comply with all applicable laws and regulations. [Original link]
