The U.S. listed company Thumzup disclosed that it holds a strategic reserve of 19.1 bitcoins and allocates 90% of its liquid assets to bitcoin

ChainCatcher news, Thumzup Media Corporation (NASDAQ: TZUP) has issued a letter to its shareholders outlining the significant achievements the company has made in 2024 and its strategic vision for the future.

The shareholder letter mentions that, based on Thumzup's strategic focus on cryptocurrency, Thumzup also received board approval on January 17 to allocate up to 90% of the company's liquid assets to Bitcoin. This decision highlights Thumzup's commitment to leveraging Bitcoin not only as a payment method but also as a crucial component of Thumzup's financial asset strategy. To continuously innovate and enhance user choices, Thumzup strategically acquired 19.106 BTC, with an investment amount of $2,000,020.