Thumzup says acquired 9.783 Bitcoin for $1M on January 6

In a regulatory filing, Thumzup (TZUP) said that on January 6, the company purchased 9.783 Bitcoin (BTC) for $1,000,020, an average price of $102,220 per Bitcoin, inclusive of fees and expenses. The company’s management has requested authorization from its Board of Directors to hold up to 90% of its liquid assets in Bitcoin. Coinbase Prime (COIN) serves as custodian and provides self-custodial wallet services for the company’s BTC holdings. Thumzup expects to begin paying gig-economy workers in BTC in the coming weeks, in compliance with all applicable laws and regulations.