Thumzup’s Crypto Gold Rush: A Trump Jr. Adventure 🚀💰

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Once upon a time, in a world where the only thing more unpredictable than the weather is the crypto market, there was a peculiar company called Thumzup Media Corporation. Now, Thumzup, which started as a mere social media whisperer, decided to dive headfirst into the frothy waters of cryptocurrency, raising a whopping $50 million from investors who were probably more excited about the idea of getting rich quick than they were about understanding what a blockchain actually is. 😅

Thumzup announced with great pomp and circumstance that it would expand its crypto strategy to include “large-scale cryptocurrency mining and targeted blockchain investments.” Imagine that! A company that once helped you sell more widgets online is now planning to dig digital gold. 🏺✨

With the fresh $50 million, Thumzup plans to invest in “state-of-the-art cryptocurrency mining infrastructure” and is working closely with mining technology providers to make sure they can mine faster, harder, and with a bit more flair. After all, why settle for a simple pickaxe when you can have a shiny, new, and incredibly expensive mining rig? 💻⛏️

Currently, Thumzup boasts a modest collection of 19.1 Bitcoin (BTC), which it acquired in early January. This move aligns with the growing trend of public companies jumping onto the crypto bandwagon, hoping to see their stock prices soar like a rocket ship fueled by the dreams of millions. 🚀

But wait, there’s more! Donald Trump Jr., the second-in-command of the Trump dynasty, has joined the Thumzup party. He snapped up 350,000 shares of the company, valued at nearly $3.3 million, adding another chapter to the Trump family’s ever-expanding crypto empire. 🏰💰

Bitcoin Hits New Peak as It Nears $125,000

Just as Thumzup was gearing up for its grand crypto adventure, Bitcoin decided to throw a party of its own. The digital currency climbed to an all-time high of over $124,000, with traders crossing their fingers and toes, hoping it would break through the $125,000 barrier. 🤞🎉

Bitcoin reached a dizzying height of $124,128 just before 12:40 am UTC on Thursday, according to CoinGecko. It has since cooled down slightly to $123,683, but it’s still up 3.6% over the past 24 hours. Talk about a rollercoaster ride! 🎢

Thumzup, never one to miss a trend, announced in early July that it would diversify its crypto portfolio by purchasing Dogecoin (DOGE), Litecoin (LITE), Solana (SOL), XRP (XRP), Ether (ETH), and USDC (USDC). The company’s board even gave the green light to hold up to $250 million worth of crypto, because why not? 🤷‍♂️💸

Thumzup Shares Lift After the Bell

Shares in Thumzup (TZUP) saw a 7.62% gain in after-hours trading on Wednesday, closing at $10.87. This was a welcome relief after the stock closed the trading day down by nearly 1.1%. It’s been a wild ride for Thumzup, with the stock gaining nearly 194.5% so far this year, hitting an all-time high of $15.46 on August 8. 📈

However, the party didn’t last long. On Monday, the stock price dropped nearly 33% to $10.40 when it opened for trading, following the announcement of a public offering of non-voting convertible preferred stock. But hey, in the world of crypto, a 33% drop is just another day at the office. 🙃

Sweden’s H100 Group Boosts Bitcoin Holdings

Not to be outdone by Thumzup, Sweden’s H100 Group, a health technology firm based in Stockholm, also decided to get in on the action. H100 announced that it had purchased 45.8 BTC, bringing its total holdings up to 809.1 BTC. For those keeping score, that’s like buying a small island in the Caribbean, but with digital money. 🏝️💰

H100 spent an average of under 1.14 million Swedish krona ($119,090) per Bitcoin, shelling out a total of 52.18 million Swedish krona ($5.47 million). This move puts H100 as the 42nd largest Bitcoin holder among publicly-traded firms globally and secures its fourth place among EU companies, with Germany’s Bitcoin Group SE leading the pack with 3,605 BTC. 🇩🇪👑

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2025-08-14 06:09