- Thumzup Media Corporate Bitcoin has adopted as a cabinet reserve, similar to the strategy.
- The company intends to sell shared shares units, favorite stocks, and ensure units to enhance its BTC holdings.
Thumzup Media Corporation (NASDAQ: TZUP), a Los Angeles software company (SAAS), focused on marketing and advertising on social media, the S-3 form with the US Securities and Stock Exchange Committee (SEC) to provide up to 200 million dollars. The company announced that it may participate in one or more offer to sell regular shares, favorite stocks, orders or a set of securities
“Unless otherwise is mentioned in the release bulletin supplement, we intend to use clear revenues from selling securities under this newsletter for public companies, including to buy bitcoin as our basic reserve origin,” male.
Thumzup Bitcoin has been adopted as a reserve of the Treasury, and since then it has accumulated about 29 BTCs. At long distances, Thumzup intends to keep up to 90 percent of its surplus in Bitcoin. Moreover, the company is determined to rank among the 70 best companies circulating in the public that maintains Bitcoin.
Impact on bitcoin price
According to data from BitcointreasuriesAbout 190 entities, led by public companies, holds more than 3.26 million BTCS. The entrance to the nation -states in the Bitcoin market accelerated its adoption by institutional investors who seek to hedge against total economic uncertainty and high inflation.
Bitcoin price is expected to follow the global money supply (M2) and gold in the equivalent mobilization, as a catalyst for severe demand. From technical analysis, the BTC price is in a good position to reach the highest new level ever before the end of the second quarter of 2025.
