Thumzup will use 90% of the company's remaining cash to hold Bitcoin

BlockBeats News, January 24th, According to PR Newswire, the U.S. social media brand Thumzup (Nasdaq: TZUP) announced that the company's board of directors has authorized the company to hold 90% of its remaining cash in the form of Bitcoin.

Thumzup had previously announced on November 15, 2024, that it would hold Bitcoin as part of its treasury asset strategy, purchased $1 million worth of BTC on January 6, 2025, and plans to continue accumulating Bitcoin.