CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
coinpedia 2025-01-07 18:08:44

Thumzup Media Corp Adds $1 Million in Bitcoin To Its Balance Sheet

The post Thumzup Media Corp Adds $1 Million in Bitcoin To Its Balance Sheet appeared first on Coinpedia Fintech News In a latest development, Publicly traded company Thumzup Media Corp has announced that it has added $1 million in Bitcoin to its balance sheet. On January 6, 2025, Thumzup Media Corporation purchased 9.783 Bitcoins for $1,000,020, at an average price of $102,220 per Bitcoin, inclusive of fees and expenses. $TZUP just filed an 8-K with the SEC that it purchased 9.783 $BTC for $1,000,020. Management is requesting Board authorization to hold up to 90% of our liquid assets in BTC. Thumzup expects to be added to the HODL 70 – an increasingly significant market index. pic.twitter.com/fu0LdjfZ21 — Thumzup Media Corporation (@thumz_up) January 7, 2025 Notably, the Company’s Management has requested authorization from its Board of Directors to hold up to 90% of its liquid assets in Bitcoin. Coinbase Prime serves as custodian and provides self-custodial wallet services for the Company’s BTC holdings. Additionally, Thumzup intends to start paying gig-economy workers in Bitcoin, in line with applicable laws and regulations.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.