Thumzup Media, affiliated with the Trump family, has announced raising $50 million to strengthen its position in the cryptocurrency market.
Partnership with Coinbase Prime
Thumzup Media has announced a closer collaboration with Coinbase Prime, a leading platform for trading and storing cryptocurrencies. This partnership will enable the company to securely manage its digital assets and execute large trades.
Investment Strategy in Cryptocurrencies
According to the company's plans, the funds raised from selling shares at $10 each will be used to purchase new mining equipment and accumulate significant amounts of digital currencies such as XRP, Bitcoin, Ethereum, and others. The company's management has stated a readiness to invest up to 90% of its cash in digital coins.
Trends in the Crypto Industry
Other companies are also actively entering the crypto industry. Vivopower has partnered with Crypto.com to manage its assets, while Japanese company Metaplanet reported a 468% profit from Bitcoin investments. Trump-linked firms are also active: ALT5 Sigma raised $1.5 billion for its crypto treasury.
Thumzup Media's expansion into cryptocurrency highlights the growing interest in investments in digital assets, as well as the strategic collaboration with major platforms.
