Thumzup approves allocation of up to 90% of surplus cash in Bitcoin

Thumzup (TZUP) Media 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 (BTC). 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. 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.