Thumzup doubles Bitcoin holdings to $2m, clears 90% surplus cash for BTC

Thumzup Media Corporation doubled its Bitcoin holdings to 19.106 BTC, increasing its investment in digital assets to $ 2 million.

ThumzUp Company is authorized to allocate up to 90% of its excess cash for Bitcoin (BTC). This decision is aligned with the broader strategy of the company aimed at joining the cryptocurrency in its financial operations, according to a press release shared with Crypto.News.

The Bitcoin strategy of the management includes the remuneration of workers in the concert economy in Bitcoin thanks to its associate seller program. Thumzup considers this initiative as an opportunity to take advantage of blockchain technology and artificial intelligence to improve digital commitment and financial transactions.

Last November, that Announced plans Buy up to $ 1 million in Bitcoin to diversify the treasure assets.

Institutions with Bitcoin Holdings

Thumzup expects its latest Bitcoin acquisition to improve its ranking in the Hodl Top 70, a list of listed companies with the biggest Bitcoin holdings, according to the company.

The chief executive officer Robert Steele said that the growing institutional acceptance of Bitcoin and the launch of Bitcoin negotiated funds have strengthened his status as a financial assets. He also reaffirmed the confidence of the company in Bitcoin as an actor and a financial innovation tool.

“We consider Bitcoin not only as a strategic asset for treasure management, but also as a fundamental component of our vision of the future of digital finance,” said Steele.

This investment comes in the midst of broader legislative discussions, such as six American states have introduced Proposals to establish Bitcoin strategic reservations.