Donald Trump Jr. Buy $4M for Bitcoin-Holding Thumzup Media
Donald Trump Jr. don buy 350,000 shares for Thumzup Media Corp., invest over $4 million for the Los Angeles based social media company. Dis purchase happen after one $6 million private placement wey Dominari Securities arrange, where him and him pikin brother, Eric Trump, dey serve as advisers. Thumzup Media, wey known for how dem dey run Bitcoin-focused treasury strategy, don build one crypto portfolio wey get six tokens now. Since November 2024, di company don put up to 90% of surplus cash for Bitcoin, make their holdings reach over 19 BTC (wey worth more than $2 million). Dem still dey pay some sales people with Bitcoin. The company dey work on Instagram app wey go reward users if dem recommend products for social platforms. Thumzup don expand their SEC shelf registration to fit raise up to $500 million, money wey dem fit use for their crypto treasury. This move show say more institutions dey interested for corporate Bitcoin treasuries and e highlight the Trump family ongoing dedication to cryptocurrency investments.
Bullish
Thumzup Media aggressive move to put up to 90% of dia spare cash into Bitcoin plus expand dia crypto portfolio show say more institutional demand dey come. For short time, Trump Jr. $4M investment plus the firm ongoing BTC purchase fit help keep price steady by reducing how much supply dey. For long run, the expanded SEC registration plus the commitment to corporate Bitcoin treasuries show say stronger institutional adoption dey come, wey fit attract more investors and push Bitcoin price steady upward.