Thumzup Invests $1M in Bitcoin, Eyes DOGE and Altcoins
Thumzup buys $1M in BTC, plans more crypto investments, including DOGE, ETH, SOL, XRP, and acquires 2,500 DOGE miners.
- Thumzup Media invests $1 million in Bitcoin
- Plans to expand into DOGE, ETH, SOL, XRP, LTC, and USDC
- Acquires 2,500 DOGE miners with potential to add 1,000 more
In a significant move signaling deeper involvement in the crypto space, Thumzup Media Corporation—backed by Donald Trump Jr.—has announced the purchase of $1 million worth of Bitcoin. This was revealed in a recent shareholder letter, positioning the company at the forefront of traditional businesses embracing digital assets.
The investment is part of a broader strategy that includes authorizing future purchases of major cryptocurrencies like Dogecoin (DOGE), Ethereum (ETH), Solana (SOL), XRP, Litecoin (LTC), and USD Coin (USDC). This diversification suggests that Thumzup is not only betting on Bitcoin but is preparing to build a multi-asset crypto portfolio.
Dogecoin Gets Special Attention
Alongside the Bitcoin move, Thumzup has signed a definitive agreement to acquire 2,500 DOGE miners, underlining its specific interest in the meme-based cryptocurrency. According to the company, there are plans to add another 1,000 DOGE miners depending on initial performance and infrastructure scaling.
This mining initiative could serve two purposes: earning DOGE directly while building a decentralized infrastructure footprint. The focus on Dogecoin also aligns with the asset’s growing popularity and meme culture endorsement from public figures like Elon Musk—making it a strategic yet unconventional choice.
A Growing Trend Among Traditional Companies
Thumzup’s crypto-forward strategy reflects a growing trend among companies looking to diversify their assets and align with Web3 technologies. The inclusion of stablecoins like USDC also suggests a desire to balance volatility with stability—an important consideration for publicly traded firms.
Whether this gamble pays off remains to be seen, but with support from high-profile backers and an aggressive plan in place, Thumzup is clearly not sitting on the sidelines.
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