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Thumzup Media Corporation’s Bold Move: Allocating 90% of Liquid Assets to Bitcoin for Strategic Growth

BTC

BTC/USDT

$92,966.60
+1.93%
24h Volume

$17,516,679,804.48

24h H/L

$93,388.00 / $90,863.47

Change: $2,524.53 (2.78%)

Long/Short
58.6%
Long: 58.6%Short: 41.4%
Funding Rate

+0.0064%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$92,892.48

1.49%

Volume (24h): -

Resistance Levels

Resistance 3$98,019.06
Resistance 2$94,532.81
Resistance 1$92,960.83
Price$92,892.48
Support 1$91,652.04
Support 2$90,016.46
Support 3$88,399.38
Pivot (PP):$92,598.43
Trend:Uptrend
RSI (14):63.0
Thumzup Media Corporation’s Bold Move: Allocating 90% of Liquid Assets to Bitcoin for Strategic Growth

On January 30th, Thumzup Media Corporation (NASDAQ: TZUP) unveiled its shareholder letter, highlighting the pivotal milestones reached in 2024 along with its forward-looking strategy. Notably, the correspondence emphasized the company’s enhanced focus on cryptocurrency investments, reflecting a broader trend in the financial landscape. On January 17th, the Board officially sanctioned a decision to allocate up to 90% of its liquid assets towards Bitcoin, reinforcing Thumzup’s commitment to integrating Bitcoin into its financial framework.

This strategic pivot not only positions Thumzup to leverage Bitcoin as a payment solution but also as a core component of its overall asset management approach. In a decisive move to capitalize on market opportunities, Thumzup invested $2,000,020 to acquire 19.106 BTC, thereby enhancing its digital asset portfolio. The company’s forward-thinking initiatives illustrate a strong dedication to innovation while expanding user options in the evolving cryptocurrency market.

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