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crypto.news 2025-01-31 15:45:44

Thumzup doubles Bitcoin holdings to $2m, clears 90% surplus cash for BTC

Thumzup doubles Bitcoin holdings to $2m, clears 90% surplus cash for BTC

Thumzup Media Corporation has doubled its Bitcoin holdings to 19.106 BTC, increasing its investment in digital assets to $2 million. Thumzup company is authorized to allocate up to 90% of its surplus cash into Bitcoin ( BTC ). This move aligns with the company’s broader strategy to integrate cryptocurrency into its financial operations, according to a release shared with crypto.news. Management’s Bitcoin strategy includes compensating gig economy workers in Bitcoin through its Associate Salesperson Program. Thumzup views this initiative as an opportunity to leverage blockchain technology and artificial intelligence to enhance digital engagement and financial transactions. Last November, it announced plans to buy up to $1 million in Bitcoin to diversify the treasury holdings. You might also like: Kuna shuts down following Ukraine’s ban on its oldest crypto exchange Institutions with Bitcoin holdings Thumzup expects its latest Bitcoin acquisition to improve its ranking in The HODL Top 70, a list of publicly traded companies with the largest Bitcoin holdings, according to the company. Chief executive officer Robert Steele stated that Bitcoin’s growing institutional acceptance and the launch of Bitcoin exchange-traded funds have reinforced its status as a financial asset. He also reaffirmed the company’s confidence in Bitcoin as a treasury asset and a tool for financial innovation. “We see Bitcoin not only as a strategic asset for treasury management but also as a fundamental component of our vision for the future of digital finance,” Steele said. This investment comes amid broader legislative discussions, as six U.S. states have introduced proposals to establish strategic Bitcoin reserves. You might also like: Purpose files preliminary prospectus for spot XRP ETF

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Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine