Holding 350,000 shares, Trump Jr.’s involvement signals growing political and institutional interest in the digital asset space. Thumzup first embraced […]
The post Trump Jr. Puts Millions Into Company Banking on Bitcoin Reserves appeared first on Coindoo.
Holding 350,000 shares, Trump Jr.’s involvement signals growing political and institutional interest in the digital asset space.
Thumzup first embraced Bitcoin in late 2024, authorizing up to $1 million in BTC purchases as part of its long-term treasury strategy. Since then, the company has accumulated over 19 BTC—worth more than $2.1 million today—positioning itself among a growing cohort of firms treating Bitcoin as a hedge against inflation and monetary uncertainty.
In a bid to deepen its exposure, Thumzup filed with the SEC to raise up to $200 million through debt and equity—capital that could further fund Bitcoin acquisitions and expand operations. The move follows a broader trend that began in 2020, when Strategy redefined itself as a Bitcoin-first enterprise under Michael Saylor’s leadership.
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While over 250 institutions now list Bitcoin on their balance sheets, some analysts caution that many of these companies haven’t yet endured a bear market. Critics argue that without Saylor-like conviction, copycat treasuries may falter in the face of volatility.
Still, Trump Jr.’s high-profile involvement may breathe new life into the strategy, especially as the 2024 approval of Bitcoin ETFs continues to legitimize the asset in institutional circles. Whether Thumzup becomes a pioneer or a casualty in this evolving space remains to be seen—but its message is clear: Bitcoin is no longer just for crypto natives.
The post Trump Jr. Puts Millions Into Company Banking on Bitcoin Reserves appeared first on Coindoo.
Source: https://coindoo.com/trump-jr-puts-millions-into-company-banking-on-bitcoin-reserves/
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Benson Toti
Benson Toti