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Highlights
- Thumzup Media Corporation has approved a $250 million digital asset investment, targeting XRP, USDC, and others.
- CEO Robert Steele said the decision aligns with the U.S. government's shift toward pro-crypto regulation.
- Analysts see Thumzup’s crypto expansion as well-timed, aligning with momentum from new U.S. bills that aim to regulate and legitimize digital assets.
XRP News: Thumzup Media Corporation has approved a plan to invest up to $250 million in a variety of digital assets, including Bitcoin, XRP, and USDC. The move aligns with the company’s strategy to partake in forward-looking treasury investments.
Thumzup Media To Invest $250M In XRP, USDC, and More
Nasdaq-listed Thumzup Media has announced that its board has formally authorized the company to expand its crypto holdings beyond Bitcoin. The company recently announced in a press release that it intends to make significant investments in XRP, USDC, ETH, SOL, DOGE, and LTC in order to achieve a diversified $250 million digital asset portfolio.
CEO Robert Steele emphasized that the decision comes at a key moment for the crypto industry.
As the U.S. federal government moves toward more crypto-friendly policies and greater regulatory clarity, Thumzup is committed to remaining at the forefront of this transformative technology. 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.
Previously, Thumzup Media had concentrated mainly on Bitcoin, holding 19 BTC currently valued at around $2.3 million. The new strategy would enable the company to expand into altcoins like XRP and stable assets like USDC.
Thumzup Media’s platform enables everyday users to earn cash by sharing sponsored content on social media, managed through a proprietary advertiser dashboard. Payments are usually processed via PayPal, with digital channels now in the mix.
The company had earlier announced its plans to expand its treasury from Bitcoin alone to include XRP, USDC, and other cryptos, which will add agility and growth potential. This hybrid strategy, which combines digital advertising with blockchain investment, reflects a contemporary paradigm in which media platforms see cryptocurrency as a tool to increase engagement as well as an asset.
Trump Jr.’s Investment and New Crypto Bills Build Momentum
Last week, the company announced that Donald Trump Jr. had acquired approximately 350,000 shares, an investment valued at nearly $4 million. Trump Jr. and his brother Eric reportedly serve as advisors to Dominari Securities, which arranged a recent $6 million private placement in Thumzup Media.
The market has responded favourably to Thumzup Media’s $250 million move, even though precise allocation details are still unknown. As of press time, Thumzup shares are trading at $12.59, according to Google Finance, reflecting an 84% gain over the past month and a 267% surge since the start of the year.
Analysts note that Thumzup Media’s strategic timing aligns with the optimism ignited by recent cryptocurrency legislation. This follows the recent passing of the crypto bills GENIUS Act and the CLARITY Act. Clearer regulations and greater control over assets like XRP and stablecoins like USDC are anticipated as a result of these actions.
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