"Trump Jr.'s Investment Firm ThumbsUp Approved to Include up to $250 Million in Virtual Assets... Including BTC, ETH, XRP, etc."
Summary
- ThumbsUp Media has announced official approval to include major virtual assets like Bitcoin (BTC), Ethereum (ETH), XRP, etc., as assets on its balance sheet for up to $250 million.
- The company explained that this strategy is a measure to actively participate in the digital asset economy.
- It was reported that just before the board approval, Donald Trump Jr. purchased 350,000 shares of ThumbsUp.
U.S. NASDAQ-listed company ThumbsUp Media has officially approved a strategy allowing it to hold up to $250 million in major virtual assets (cryptocurrencies), including Bitcoin (BTC).
According to cryptocurrency-focused media outlet CryptoNews on the 18th, ThumbsUp's board of directors passed a strategy yesterday to permit the inclusion of various virtual assets—such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, Dogecoin (DOGE), Litecoin (LTC), and USDC—as assets on its balance sheet. The company explained that this strategy is a measure to participate more actively in the digital asset economy.
ThumbsUp operates a social media-based advertising reward platform. It is also developing an AI-based lifestyle marketplace. The company stated that this asset inclusion plan will be implemented in stages following board approval.
Meanwhile, prior to this announcement, it was also reported that Donald Trump Jr., the eldest son of President Donald Trump, purchased 350,000 shares of ThumbsUp. It is known that Trump Jr. is not involved in management but made the investment on the recommendation of an advisory firm.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.!["Will AI take our jobs?" Fear spreads…market rattled by a plunge in shares [New York Market Briefing]](https://media.bloomingbit.io/PROD/news/874408f1-9479-48bb-a255-59db87b321bd.webp?w=250)
