TechFlow news, January 8 — According to an official announcement, Thumzup Media Corporation (Nasdaq: TZUP), a social media branding and programmatic marketing solutions company, announced it has purchased 9.783 bitcoins for approximately $1 million, at an average price of $102,220 per BTC. Coinbase Prime is serving as custodian, providing self-custody wallet services for Thumzup's BTC holdings. The company stated that management is requesting board authorization to hold up to 90% of its liquid assets in bitcoin, enabling ongoing bitcoin purchases as part of its treasury asset strategy announced on November 15, 2024. Thumzup expects to begin paying gig-economy workers in BTC within the coming weeks, while complying with all applicable laws and regulations.
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