Thumzup Media Corporation, a former social media marketing firm, announced a significant expansion of its plans in the cryptocurrency sector. The company raised $50 million from investors for further investments.
Thumzup's Crypto Plans
Thumzup Media aims to expand actively in the cryptocurrency sector, announcing plans to invest in large-scale mining and blockchain projects. A portion of the new funds will be allocated for building advanced mining infrastructure.
Company Investments and Shares
Currently, the company holds 19.1 BTC, and recent investments include the purchase of 350,000 shares by Donald Trump Jr. This positively impacted Thumzup's shares, which rose by 7.62% in after-hours trading.
Cryptocurrency Market and Bitcoin's Achievements
Thumzup's announcement coincided with Bitcoin reaching a new record of $124,128. The company is considering diversifying its holdings, including Dogecoin, Litecoin, and other cryptocurrencies.
Thumzup Media aims to establish a strong position in the cryptocurrency market and is exploring further investment opportunities, which could positively impact its shareholder value.
