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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.

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