Donald Trump Jr., the eldest son of the U.S. President, has sold a significant stake in Thumzup, attracting attention from the public and experts.
Share Deal with Thumzup
Donald Trump Jr. has sold his shares in Thumzup, having previously owned approximately 350,000 shares before the company's secondary offering, which will close this week.
Trump Family's Cryptocurrency Investments
The Trump family is actively investing in the cryptocurrency industry, generating significant profits. According to Bloomberg, they have earned around $620 million from crypto ventures in recent months.
Financial Details of the Deal
The secondary share offering is expected to generate $46.5 million for the company after fees. Trump Jr. was noted as the largest individual seller among other shareholders in the initial filing.
The sale of Thumzup shares underscores the Trump family's involvement in high technology and cryptocurrencies, as well as their willingness to diversify investments.
