According to the official announcement, Thumzup Media Corporation (NASDAQ: TZUP), a social media branding and programmatic marketing solutions company, announced that it has purchased 9.783 bitcoins for around $1 million, with an average price of $102,220 each. The Coinbase Prime platform acts as custodian, providing a self-custodial wallet service for Thumzup's BTC.
The company's management is requesting board authorization to hold up to 90% of its current assets in bitcoin for ongoing bitcoin purchases as part of its fiscal asset strategy announced on November 15, 2024, the announcement said. Thumzup expects to begin paying gig-economy workers in BTC in the coming weeks and comply with all applicable laws and regulations.
Nasdaq-listed Thumzup buys $1 million in Bitcoin
2025-01-07 22:16:37
According to official announcements social media brands programs chemical sales sales solutionsdesk3cryptocurrencydesktopCrypto News
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