Thumzup Media Corporation, an AdTech company with Donald Trump Jr. as a notable investor, has received board approval to hold up to $250 million in cryptocurrencies, including Bitcoin and other major digital assets.
Key Takeaways:
- Thumzup Media approved to hold up to $250 million in cryptocurrencies.
- CEO has credited the US’ clearer crypto regulations for driving the company’s diversified crypto strategy.
- Donald Trump Jr. is a key investor, holding about 350,000 shares, in Thumzup.
The company announced the decision in a statement on Thursday, revealing plans to expand its crypto portfolio beyond Bitcoin to include Ether, Solana, XRP, Dogecoin, Litecoin, and the USDC stablecoin.
Thumzup CEO Credits US Crypto-Friendly Policies for New Diversified Strategy
CEO Robert Steele attributed the move to favorable policy developments, noting that the US federal government’s shift toward clearer, more crypto-friendly regulations has encouraged Thumzup to adopt a diversified crypto strategy.
“By diversifying our portfolio of cryptocurrencies to gain wider exposure to the market as a whole, we believe Thumzup is optimally positioned to create significant value for TZUP shareholders,” Steele said.
He emphasized the company’s commitment to staying ahead in what he called a “transformative technology.”
Founded in 2020 and based in Los Angeles, Thumzup operates a platform that rewards users with cash for promoting branded content on social media.
The firm recently unveiled plans to broaden its treasury holdings, reflecting confidence in the growing role of cryptocurrencies in corporate finance.
Donald Trump Jr., who owns about 350,000 shares valued at roughly $4 million, has been closely linked to the company.
The disclosure followed a $6 million private placement arranged by Dominari Securities, whose parent company counts Trump Jr. and his brother Eric among its advisors.
Trump Jr. reportedly made the investment on his adviser’s recommendation and holds no further involvement with the company
Thumzup offers an app that pays users for product recommendations on Instagram.
It recorded a $2.2 million loss on just $151 in revenue in Q1. Still, its stock soared almost 75% over the prior four sessions before tumbling 17% by mid‑Wednesday.
In January, Thumzup made a notable pivot by announcing it would hold most of its liquid assets in Bitcoin.
Since then, it has accumulated over $2 million worth of BTC. Now, the company plans to diversify further by adding six more coins, using funds raised in its latest round.
Nearly 70 Trump Officials Hold Crypto
As reported, nearly 70 nominees and officials in the Trump administration reportedly hold crypto or investments in blockchain companies, with holdings ranging from modest sums to over $120 million.
The group includes Vice President JD Vance and seven Cabinet members or nominees, who collectively disclosed at least $2 million in crypto assets.
President Donald Trump himself has declared a personal stake of at least $51 million in digital assets amid the administration’s deep financial ties to the industry.
While some appointees have divested or plan to do so shortly after confirmation, the disclosures reveal a complex relationship between government officials and the crypto industry.
Critics warn that this creates potential conflicts of interest and normalizes risky crypto investments among public servants.
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