Bitsky000
07/10 14:32
Trump Jr. Buys Into Bitcoin-Heavy Startup: Trendse
Trump Jr. Buys Into Bitcoin-Heavy Startup: Trendsetter or Red Flag?
Based on the latest reports, Donald Trump Jr. has bought 350,000 shares, worth over $4 million, of Thumzup Media Corp., a struggling Los Angeles social media startup that famously converted to holding its liquid assets in Bitcoin this January. This is quickly becoming a trend whereby small companies are embracing Bitcoin as a core treasury asset
Big Stake, Bigger Signal
According to the filings, Donald Trump Jr. reportedly bought the shares on the advice of Dominari Securities where both he and his brother Eric are advisors. At Thumzup’s January conversion, the company halted cash reserves and started accumulating Bitcoin, now holding over $2 million worth.
The intent now is to diversify into six other cryptocurrencies using capital from a recent $6 million convertible preferred stock round brokered by Dominari.
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