Thumzup Media don okay $250M Crypto Treasury, dem dey diversify assets
Thumzup Media wey dey list for Nasdaq don get board approval for $250M crypto treasury. Dis move go allow di company hold up to $250M for digital assets like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), Dogecoin (DOGE), Litecoin (LTC) and USDC. E dey currently hold 19 BTC (~$2.3M) and plans to build positions gradually. CEO Robert Steele talk say di crypto treasury align with US regulatory clarity and e dey aimed to boost shareholder value. Di strategy dey support Thumzup’s expanding AdTech rewards platform and di patent-pending AI-powered lifestyle marketplace. Shares jump for after-hours trading and dem don rise by 84% for di past month. Donald Trump Jr. hold 350,000 shares. Dis diversification trend dey follow wetin di peers dey do, as dem dey blend long-term value and liquidity management for public companies’ crypto treasuries.
Bullish
Thumzup don give approval to use up to $250M for digital assets, e dey show say institutional adoption dey grow, e go boost demand plus confidence for the crypto treasury market. The plan to gather Bitcoin, Ethereum, Solana and others fit help price go up, especially for Bitcoin, as corporate treasuries go reduce how much supply dey circulate. Short-term wahala fit show during buying time, but long-term investor confidence and liquidity management suppose still dey positive, e dey show say market get better hope.