TechMediaBreaks – Thumzup (NASDAQ: TZUP) Expands Bitcoin Holdings to Over 19 BTC
Thumzup (NASDAQ: TZUP) announced that its board has approved allocating up to 90% of its surplus cash into Bitcoin as part of its "Treasury Asset Strategy" ("TAS"), first outlined Nov. 15, 2024. The company sees Bitcoin as a long-term store of value and a key asset class for financial stability and shareholder growth. CEO Robert Steele praised President Trump’s recent executive order on digital financial technology, which directs federal agencies to review and potentially rescind cryptocurrency regulations. Thumzup also plans to begin paying gig-economy workers in Bitcoin in the coming weeks while ensuring compliance with applicable regulations. To view the…