Thumzup's board of directors authorized holding 90% of its remaining cash in the form of Bitcoin

ChainCatcher News, American social media brand Thumzup (NASDAQ: TZUP) announced that the company's board has authorized holding 90% of the remaining cash in the form of Bitcoin.

It is reported that Thumzup announced on November 15, 2024, that Bitcoin would be part of its financial asset strategy, and on January 6, 2025, it purchased $1 million worth of BTC, with plans to continue accumulating Bitcoin.

Thumzup also plans to start paying gig economy workers' wages in BTC in the coming weeks.