Reported Earlier, Thumzup Media Invests $1M In Bitcoin, Holds Up To 90% Of Liquid Assets In BTC, Plans Gig Worker Payments In BTC

Benzinga · Jan 8 01:55

On January 6, 2025, Thumzup Media Corporation (the "Company," "Thumzup," "we," or "us") purchased 9.783 Bitcoin ("BTC") for $1,000,020, an average price of $102,220 per Bitcoin, inclusive of fees and expenses ("BTC Investment"). 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 serves as custodian and provides self-custodial wallet services for the Company's BTC holdings. The Form of Coinbase Prime Broker Agreement is attached as Exhibit 10.1 to this Current Report on Form 8-K.

Thumzup expects to begin paying gig-economy workers in BTC in the coming weeks, in compliance with all applicable laws and regulations.

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Reported Earlier, Thumzup Media Invests $1M In Bitcoin, Holds Up To 90% Of Liquid Assets In BTC, Plans Gig Worker Payments In BTC

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