According to the official announcement, social media branding and programmatic marketing solutions company Thumzup Media Corporation (NASDAQ: TZUP) has announced that it has purchased approximately 9.783 bitcoins for about $1 million, at an average price of $102,220 per coin. 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 to authorize holding up to 90% of its liquid assets in the form of bitcoin to facilitate ongoing purchases of bitcoin as part of its financial asset strategy announced on November 15, 2024. Thumzup expects to start paying gig-economy workers in BTC in the coming weeks, in compliance with all applicable laws and regulations.

#BTC