Summary
- Donald Trump Jr. reportedly sold a large quantity of Thumzup shares, earning around $46.5 million in profit.
- Thumzup's board announced that it had approved a proposal to allocate up to 90% of its liquid assets to Bitcoin.
- As of July, Thumzup reported holding $1.8 million worth of Bitcoin.
According to The Block, a cryptocurrency-focused media outlet, on the 13th (local time), Donald Trump Jr. has become the largest shareholder to sell Thumzup shares, a Nasdaq-listed social media marketing company.
With this sale, he earned approximately $46.5 million in profit, excluding fees.
Previously, Thumzup's board approved a proposal to allocate up to 90% of its total liquid assets to Bitcoin (BTC), and as of July, the company held $1.8 million worth of Bitcoin.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
