Thumzup Media Corp Adds $1 Million in Bitcoin To Its Balance Sheet
In the latest development, public company Thumzup Media Corp 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, for an average price per Bitcoin of $102,220, including fees and expenses.
Notably, the company’s management has requested authorization from the board of directors to hold up to 90% of its liquid assets in Bitcoin. Coinbase Prime serves as a custodian and provides self-custodial wallet services for the BTC held by the company.
Additionally, Thumzup intends to begin paying gig economy workers in Bitcoin, subject to applicable laws and regulations.
