CoinRSS: Bitcoin, Ethereum, Crypto News and Price Data

  • CONTACT
  • MARKETCAP
  • BLOG
CoinRSS: Bitcoin, Ethereum, Crypto News and Price Data
  • BOOKMARKS
  • Blockchain
  • Crypto
    • Bitcoin
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Coinbase
    • Mining
    • NFT
    • Stocks
Reading: Bitcoin Treasury Firm Thumzup Considering Dogecoin, XRP Buys as Trump Jr. Invests
Share
You have not selected any currencies to display
CoinRSS: Bitcoin, Ethereum, Crypto News and Price DataCoinRSS: Bitcoin, Ethereum, Crypto News and Price Data
0
Font ResizerAa
  • Blockchain
  • Crypto
  • Market
  • News
Search
  • Blockchain
  • Crypto
    • Bitcoin
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Coinbase
    • Mining
    • NFT
    • Stocks
Have an existing account? Sign In
Follow US
© Foxiz News Network. Ruby Design Company. All Rights Reserved.
CoinRSS: Bitcoin, Ethereum, Crypto News and Price Data > Blog > News > Bitcoin Treasury Firm Thumzup Considering Dogecoin, XRP Buys as Trump Jr. Invests
News

Bitcoin Treasury Firm Thumzup Considering Dogecoin, XRP Buys as Trump Jr. Invests

CoinRSS
Last updated: July 10, 2025 12:08 pm
CoinRSS Published July 10, 2025
Share

Contents
In briefDaily Debrief Newsletter

In brief

  • Publicly traded company Thumzup is considering adding cryptocurrencies besides Bitcoin to its treasury.
  • The company received approval from its board on Wednesday to evaluate adding at least six additional coins to its corporate treasury, Thumzup CEO Robert Steele told Decrypt.
  • Those coins are Dogecoin, Litecoin, Solana, XRP, Ethereum, and the USDC stablecoin.

Publicly traded social media marketing tech company Thumzup is exploring expanding its corporate treasury holdings beyond Bitcoin, considering whether to add other leading cryptocurrencies like Dogecoin (DOGE), Solana (SOL), the Ripple-linked XRP, and Ethereum (ETH). 

The Los Angeles-based firm received approval from its board on Wednesday to begin evaluating the potential upside of adding at least six additional digital assets to its corporate treasury: Dogecoin, Litecoin, Solana, XRP, Ethereum, and the USDC stablecoin.

The tokens would be purchased using some of the proceeds from Thumzup’s $6.5 million raise, which was completed earlier this week. In a press release Wednesday, the firm said that the board had approved adding such cryptocurrencies—but Thumzup CEO Robert Steele clarified that it only has approval at this time to explore such additions.

“We’re looking at what’s in the best interest of our shareholders,” Steele told Decrypt. “Does it make sense for us to just increase the Bitcoin holding, or should we also start holding some DOGE or XRP?”

The announcement comes as a SEC filing on Wednesday showed that Donald Trump Jr.—the president’s son—had purchased 350,000 shares in Thumzup as part of his broader push to invest in crypto treasury companies. The stake was worth more than $4 million as of the closing bell on Tuesday. 

Thumzup’s shares finished the trading day priced at $9.50, down 23% on the day.

The company, which began accumulating Bitcoin earlier this year, holds a little more than 19 BTC—worth roughly $2.1 million as of writing time—according to its recent statement. Bitcoin soared to a new all-time high mark above $112,000 on Wednesday, according to crypto exchange Coinbase. 

Founded in 2020, Thumzup’s platform enables brands to pay ordinary people to promote various goods and services on their personal social media accounts. Although the firm is not crypto-focused, it plans to allow the influencers it pairs with various brands to accept payments in digital assets, Steele told Decrypt. 

The announcement comes as dozens of publicly traded companies have embraced digital asset treasuries over the past few months, aiming to improve their fortunes.

As of publication time, 143 public firms list Bitcoin on their balance sheets, with combined holdings worth $93.3 billion, according to bitcointreasuries.net. Strategy, which pioneered the model in 2020, holds over two-thirds of that amount with $66 billion worth of Bitcoin.

Such forays into holding Bitcoin and other cryptocurrencies come as the digital asset market hovers around historic highs.

The crypto market boasts a total value of $3.4 trillion, up more than 35% from the beginning of this year. Bitcoin remains just below the new all-time high mark hit Wednesday afternoon, while several blue-chip altcoins are proving surprisingly resilient to several macroeconomic and geopolitical shocks. 

“With the tariff announcements, you saw the S&P 500 go down while Bitcoin went up,” Steele said, referring to the U.S. President Donald Trump’s on-and-off trade negotiations with U.S. trading partners. “That further establishes the thesis that Bitcoin is becoming digital gold.”

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

Source link

You Might Also Like

PEPE whales stack 9 trillion tokens – Will this aggression drive a surge to $0.00001?

dogwifhat eyes $1—But THIS resistance stands in WIF’s way!

Bitcoin set for $3B short squeeze! How it will fuel BTC’s $100K rally

Trump Media: $400M buyback won’t derail $2.3B Bitcoin Treasury plan

Crypto market’s weekly winners and losers – HYPE, BGB, WIF, APT

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Email Copy Link Print
Previous Article Ethereum outshines Bitcoin, but ETH’s ATH still out of reach – Why?
Next Article Trump’s Truth Social files for a blue-chip crypto ETF – Details inside!
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recipe Rating




Follow US

Find US on Socials
FacebookLike
TwitterFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
Elon Musk’s xAI Launches ‘Remarkable, Terrifying’ Grok 4 Model
BTC Price will Hit $100K before Bitcoin Sweeps $30K Lows
Crypto Bahamas: Regulations Enter Critical Stage as Gov’t Shows Interest

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
CoinRSS: Bitcoin, Ethereum, Crypto News and Price Data coin-rss-logo

We influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Ad imageAd image
© CoinRSS: Bitcoin, Ethereum, Crypto News and Price Data. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?