TechMediaBreaks – Thumzup Media Corp. (NASDAQ: TZUP) Allocates Surplus Cash to Bitcoin Amid Treasury Asset Strategy
Thumzup (NASDAQ: TZUP) announced that its Board of Directors has authorized allocating up to 90% of its surplus cash to Bitcoin, aligning with its Treasury Asset Strategy unveiled on Nov. 15, 2024. This move reflects the company's confidence in Bitcoin as a long-term store of value and aims to enhance financial stability and shareholder value. CEO Robert Steele emphasized optimism for digital assets following President Trump's recent initiatives at Davos, including an executive order establishing the President's Working Group on Digital Asset Markets. Additionally, Thumzup plans to pay gig-economy workers in Bitcoin in the coming weeks, reinforcing its commitment to…