Thumzup Media Corporation has announced the expansion of its treasury strategy, adding several altcoins to its reserves. This decision is notable amidst the growing interest in cryptocurrencies among institutional investors.
Expansion of Thumzup's Treasury Strategy
Thumzup Media Corporation, a social media marketing solutions company listed on Nasdaq, has announced the expansion of its digital asset list, incorporating Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), Solana (SOL), XRP, and USD Coin (USDC) into its treasury strategy.
Donald Trump Jr.'s Investments
According to official data, Donald Trump Jr., the son of former U.S. President Donald Trump, is a shareholder of Thumzup, owning 350,000 shares of the company, worth approximately $4 million at current prices.
Altcoins in the Company's Reserves
Previously, the company followed a strategy allowing it to hold up to 90% of its liquid assets in Bitcoin. With the new expansion, Thumzup will also be able to include Dogecoin, Litecoin, Solana, and other altcoins in its reserves.
The expansion of Thumzup Media Corporation's treasury strategy highlights the growing interest in altcoins among companies actively engaged with cryptocurrencies. Donald Trump Jr.'s investments in this company also demonstrate how prominent figures are beginning to participate in the crypto industry.
