Thumzup, a Nasdaq-listed company, has announced an expansion of its cryptocurrency asset list. In addition to Bitcoin, the treasury will now hold altcoins such as Ethereum, XRP, Solana, Dogecoin, Litecoin, and USDC.
Expansion of Thumzup's Asset List
Thumzup's board of directors has approved the new asset list, signaling a shift toward more diversified cryptocurrency reserves. The company can now hold up to 90% of its liquid assets in digital currencies, no longer limited to Bitcoin alone.
Impact on Shareholders
Thumzup also garners attention due to its shareholder profile. Donald Trump Jr., the son of U.S. President Donald Trump, reportedly holds 350,000 shares in the company, valued at around $4 million.
Trends in Corporate Crypto Adoption
The asset expansion at Thumzup reflects a broader trend among businesses to adopt altcoins like Ethereum and XRP as part of their long-term financial strategies, joining Bitcoin in the push to integrate crypto into corporate reserves.
The update of Thumzup's assets and the involvement of the Trump family underscore the growing interest in cryptocurrencies within the corporate sector and the trend toward diversifying financial strategies.
