Thumzup Media Corporation Expands Bitcoin Strategy, Strengthening Position in the Gig Economy and Digital Assets Market

Rhea-AI Summary

Thumzup Media (NASDAQ: TZUP) has announced a major expansion of its cryptocurrency strategy, including the implementation of Bitcoin (BTC) payments for its gig economy workers through the Associate Salesperson Program. The company currently holds 19.106 BTC and has received board authorization to invest up to 90% of its surplus cash reserves in Bitcoin.

The company is positioning itself as an early adopter in digital asset integration, combining cryptocurrency with artificial intelligence and blockchain technologies to transform the digital marketing and influencer economy. This strategic move aims to create shareholder value while offering gig workers an alternative payment method.

Positive

• Currently owns 19.106 Bitcoin (BTC)
• Board authorization to invest up to 90% of surplus cash in Bitcoin
• Implementation of Bitcoin payments for gig economy workers
• Strategic positioning in digital assets and blockchain technology

Negative

• High exposure to Bitcoin price volatility with 90% surplus cash allocation authorization
• Significant concentration risk in cryptocurrency assets

News Market Reaction

+3.93%

1 alert

+3.93% News Effect

On the day this news was published, TZUP gained 3.93%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Thumzup Embraces Cryptocurrency, Artificial Intelligence and Gig Economy Workers, Strategically Positioning in the New Economy

Company Currently Owns 19.106 Bitcoin (BTC) and is Authorized to Hold up to 90% of Surplus Cash in BTC

LOS ANGELES, Jan. 30, 2025 /PRNewswire/ -- Thumzup Media Corporation ("Thumzup" or the "Company") (Nasdaq: TZUP), an emerging leader in social media branding and programmatic marketing solutions, today announced a significant expansion of its cryptocurrency strategy. Thumzup has begun compensating gig economy workers in Bitcoin (BTC) through its Associate Salesperson Program and is actively exploring BTC integration into other facets of its business.

With 19.106 BTC already on its balance sheet, Thumzup's Board of Directors has authorized the Company to allocate up to 90% of its surplus cash reserves into Bitcoin, further strengthening its position as an early mover in digital asset adoption.

Thumzup's strategy underscores its commitment to leveraging disruptive technologies, including artificial intelligence and blockchain, to redefine engagement in the gig economy. By incorporating Bitcoin into its financial ecosystem, the Company aims to create shareholder value while providing gig workers with an innovative payment alternative.

"Our adoption of Bitcoin payments for gig economy workers is a bold step toward reshaping the digital marketing and influencer economy," stated Robert Steele, Chief Executive Officer of Thumzup Media Corporation. "Bitcoin has the potential to transform financial markets and coupled with Thumzup's platform, we believe it could create significant value for our shareholders."

The Thumzup app is available for download on the App Store and Google Play.

About Thumzup®

Thumzup Media Corporation (Thumzup) is democratizing the multi-billion dollar social media branding and marketing industry. Its flagship product, the Thumzup platform, utilizes a robust programmatic advertiser dashboard coupled with a consumer-facing App to enable individuals to get paid cash for posting about participating advertisers on major social media outlets through the Thumzup App. The easy-to-use dashboard allows advertisers to programmatically customize their campaigns. Cash payments are made to App users/creators through PayPal and other digital payment systems.

Thumzup was featured on CBS Los Angeles and in KTLA.

Legal Disclaimer

This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These include, without limitation, statements about its potential growth, impacts on the advertising industry, plans for potential uplisting, and planned expansion. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results may differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in our filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

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SOURCE Thumzup Media Corporation

FAQ

How much Bitcoin does Thumzup (TZUP) currently own?

Thumzup (TZUP) currently owns 19.106 Bitcoin (BTC).

What percentage of surplus cash can Thumzup (TZUP) invest in Bitcoin?

Thumzup's Board has authorized the company to invest up to 90% of its surplus cash reserves in Bitcoin.

How is Thumzup (TZUP) implementing Bitcoin payments in its business?

Thumzup is implementing Bitcoin payments through its Associate Salesperson Program to compensate gig economy workers.

What technologies is Thumzup (TZUP) combining in its business strategy?

Thumzup is combining artificial intelligence, blockchain technology, and cryptocurrency in its business strategy.