Thumzup Media Corporation has doubled its bitcoin holdings to 19.106 BTC, making its investment in digital assets to $ 2 million.
Thumzup company is authorized to allocate up to 90% of its surplus cash in bitcoin (BTC). The move aligns with the company’s comprehensive strategy to integrate cryptocurrency in its financial operations, according to a release shared with crypto.news.
The Bitcoin strategy of the management involves compensation to Gig Economy Workers in Bitcoin through its associate salesperson program. Thumzup sees this initiative as an opportunity to take advantage of blockchain technology and artificial intelligence to increase digital engagement and financial transactions.
Last November, he announced a plan to buy up to $ 1 million in bitcoin to diversify Treasury Holdings.
Institute with bitcoin holdings
According to the company, Thumzup hopes to acquire its latest bitcoin to improve its ranking in Hodl Top 70, which is a list of companies made publicly with the largest bitcoin holdings according to the company.
Chief Executive Officer Robert Steel said that the growing institutional acceptance of bitcoins and the launch of bitcoin exchange-traded funds have strengthened their position as financial assets. He re -confirmed the company’s confidence in bitcoin as a tool for Treasury Asset and Financial Innovation.
“We see bitcoins not only as a strategic property for treasury management, but also as a fundamental component of our vision for the future of digital finance,” Steel said.
This investment comes amidst extensive legislative discussions, as six American states have proposed to install strategic bitcoin reserves.
