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Thumzup is allowed to hold up to 250 million dollars in BTC, ETH, XRP, and DOGE.
Thumzup Media Corporation, a SaaS company in California specializing in branding and social media marketing, has received authorization from the board of directors to hold up to 250 million in cryptoassets.
Currently, the company is holding 19 Bitcoins worth approximately $2.3 million and plans to invest in major altcoins such as Ethereum, Solana, XRP, Dogecoin, Litecoin, and USDC. Robert Steele, the CEO, stated that diversifying the investment portfolio aims to keep pace with innovations in the cryptoassets field. On Thursday, U.S. lawmakers passed three major cryptoassets bills, including the GENIUS Act, which benefits the digital assets industry. Thumzup stock (TZUP) has increased by about 84% in the past month, with Donald Trump Jr. being one of the company's shareholders.