Thumzup CEO Commends President Donald Trump on His Plans to Make the United
States a Leader in AI and Cryptocurrencies
Thumzup Purchased $1
Million in BTC on January 6,
2025, with Plans to Continue Accumulating
Bitcoin ("BTC")
The Company was Added to The HODL Top 70, a
Ranking of Publicly Traded Companies Owning the Most
Bitcoin, on January 13,
2025 [1]
Legislation to Establish Strategic
Bitcoin Reserves has been
Introduced in Six States [2]
LOS
ANGELES, Jan. 24, 2025 /PRNewswire/ -- Thumzup
Media Corporation ("Thumzup" or the "Company") (Nasdaq: TZUP), an
emerging leader in social media branding and programmatic marketing
solutions, today announced that its Board of Directors has
authorized the allocation of up to 90% of the company's surplus
cash to be held in Bitcoin. This decision supports the
company's ongoing Bitcoin acquisition efforts as part
of its Treasury Asset Strategy, announced on November 15, 2024.
This strategic move reflects Thumzup's confidence in
Bitcoin as a long-term store of value and a
groundbreaking asset class. By diversifying its treasury assets,
the company aims to optimize its financial stability and create
additional value for shareholders.
"I am excited about President Trump's announcement at
Davos on Thursday that he will
make the United States the 'World
Capital of Artificial Intelligence and Crypto.'
Additionally, the President issued an Executive Order titled
'Strengthening American Leadership in Digital Financial Technology'
on the same day. This order directs the Secretary of the Treasury,
the Chairman of the Securities and Exchange Commission, and the
Chairman of the Commodity Futures Trading Commission to establish
the President's Working Group on Digital Asset Markets. The working
group has been tasked with providing recommendations within 60 days
on regulations concerning cryptocurrencies that should
be rescinded or modified. I believe this initiative greatly
strengthens the future of digital assets like Bitcoin
and cryptocurrencies," said Robert Steele, Chief Executive Officer of
Thumzup.
In addition to this initiative, Thumzup plans to begin paying
gig-economy workers in BTC in the coming weeks, marking a
significant step toward integrating Bitcoin into its
operational framework. The company is working diligently to ensure
compliance with all applicable laws and regulations while enabling
a user-friendly payment experience for its workforce.
[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.
Contact Info
investors@thumzupmedia.com
800-403-6150
Media Contact
Jessica
Starman
media@thumzupmedia.com
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SOURCE Thumzup Media Corporation