50 million dollars to an American company that will invest in 6 cryptocurrencies

Uzmancoin

2025-08-13 11:44:25

Abstract generation in progress

The US-based social media company Thumzup announced that it has received a $50 million investment to expand into the field of cryptocurrency mining and to make purchases of certain altcoins along with Bitcoin. It was stated that the targeted altcoins are ETH, XRP, SOL, LTC, and DOGE.

The company stated in a press release published today, “We are actively collaborating with companies that provide services in the mining sector to accelerate mining operations and become a leader in the industry. Our goal is to elevate our company to a leading position in cryptocurrency mining and treasury management by creating sustainable and revenue-generating assets.”

Thumzup announced last month that the company’s board of directors approved the purchase of cryptocurrencies up to 250 million dollars.

Trump’s son sold shares

On the other hand, according to the latest notification made to the SEC (, among the shareholders of Thumzup was Donald Trump Jr., the son of Donald Trump, but he sold all his shares this week. Thumzup was just one of the Trump family’s crypto investments. The family quickly established many crypto ventures, primarily the DeFi project World Liberty Financial. According to the New Yorker magazine, the family has earned 2.4 billion dollars from crypto so far.

Published: August 13, 2025 22:44

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