Thumzup is Authorized to Hold up to 90% of
Surplus Cash in Bitcoin
Company Expects to Gain Rank in The HODL Top
70, a Ranking of Publicly Traded Companies Owning the
Most Bitcoin[1]
Legislation to Establish
Strategic Bitcoin Reserves has been
Introduced in Six States [2]
LOS
ANGELES, Jan. 30, 2025 /PRNewswire/ -- Thumzup
Media Corporation ("Thumzup" or the "Company") (Nasdaq: TZUP), an
emerging leader in social media branding and programmatic marketing
solutions, announced today that it has further bolstered its
Bitcoin ("BTC") holdings to 19.106 BTC.
The Company's decision to increase its exposure to
Bitcoin demonstrates its commitment to diversifying
treasury assets and capitalizing on the potential of digital
assets.
Thumzup's ongoing strategy to integrate Bitcoin
into its financial operations aligns with its broader treasury
asset strategy, initially outlined on November 15, 2024. By securing a significant
portion of its liquid assets in Bitcoin, Thumzup aims
to enhance financial stability and drive shareholder value over the
long term.
"We see Bitcoin not only as a strategic asset for
treasury management but also as a fundamental component of our
vision for the future of digital finance," commented Robert Steele, Chief Executive Officer of
Thumzup Media Corporation. "This investment reflects our confidence
in Bitcoin's role as a store of value and its
potential to reshape global financial markets."
The Thumzup app is available for download on
the App Store and Google
Play.
[1] https://x.com/HODL15Capital/status/1878955046551109760/photo/1
[2]
https://bitcoinist.com/oklahoma-becomes-6th-state-to-embrace-bitcoin/
About Thumzup®
Thumzup Media Corporation (Thumzup) is democratizing the
multi-billion dollar social media branding and marketing industry.
Its flagship product, the Thumzup platform, utilizes a robust
programmatic advertiser dashboard coupled with a consumer-facing
App to enable individuals to get paid cash for posting about
participating advertisers on major social media outlets through the
Thumzup App. The easy-to-use dashboard allows advertisers to
programmatically customize their campaigns. Cash payments are made
to App users/creators through PayPal and other digital payment
systems.
Thumzup was featured on CBS Los Angeles and in KTLA.
Legal Disclaimer
This press release contains certain forward-looking statements
within the meaning of the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These include, without
limitation, statements about its potential growth, impacts on the
advertising industry, plans for potential uplisting, and planned
expansion. These statements are identified by the use of the words
"could," "believe," "anticipate," "intend," "estimate," "expect,"
"may," "continue," "predict," "potential," "project" and similar
expressions that are intended to identify forward-looking
statements. All forward-looking statements speak only as of the
date of this press release. You should not place undue reliance on
these forward-looking statements. Although we believe that our
plans, objectives, expectations and intentions reflected in or
suggested by the forward-looking statements are reasonable, we can
give no assurance that these plans, objectives, expectations or
intentions will be achieved. Forward-looking statements involve
significant risks and uncertainties (some of which are beyond our
control) and assumptions that could cause actual results to differ
materially from historical experience and present expectations or
projections. Actual results may differ materially from those in the
forward-looking statements and the trading price for our common
stock may fluctuate significantly. Forward-looking statements also
are affected by the risk factors described in our filings with the
U.S. Securities and Exchange Commission. Except as required by law,
we undertake no obligation to update or revise publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise, after the date on which the statements
are made or to reflect the occurrence of unanticipated events.
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SOURCE Thumzup Media Corporation
