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LOS ANGELES - Thumzup Media Corporation (NASDAQ:TZUP), a company specializing in social media branding and marketing, has announced the integration of Stripe’s "Pay with Crypto" feature, allowing advertisers to use stablecoins such as USDC for payment on its platform. The move aligns with Thumzup’s strategy to increase its Bitcoin holdings, which currently stand at 19.106 BTC, valued at roughly $2 million. The company’s stock has shown remarkable momentum, gaining over 32% in the past week and 152% year-to-date, according to InvestingPro data.
The announcement made today highlights Thumzup’s commitment to adopting cryptocurrency as a significant component of its business transactions. "We are proud to be an early adopter of accepting crypto payments for B2B services," stated Robert Steele, CEO of Thumzup. This decision is in step with broader national trends, as the White House has expressed intentions to establish the United States as a global hub for cryptocurrency. InvestingPro analysis reveals the company maintains a healthy current ratio of 3.36, indicating strong ability to meet short-term obligations.
Thumzup’s platform offers a dual solution: a programmatic advertiser dashboard and a consumer-facing app. The platform enables users to earn cash for promoting advertisers on major social media outlets via the Thumzup App. Payments to app users are made through PayPal and other digital payment systems.
The company, which was previously featured on CBS Los Angeles and KTLA, has been actively pursuing growth and innovation in the advertising industry. Its expansion into cryptocurrency payments is a significant move that demonstrates Thumzup’s forward-thinking approach to business operations.
As part of its crypto strategy, Thumzup has disclosed that it is permitted to allocate up to 90% of its liquid assets to Bitcoin. Coinbase Prime serves as the custodian and prime broker for the company’s cryptocurrency holdings.
Investors should note that forward-looking statements in the press release involve risks and uncertainties. Thumzup’s plans and actual results may differ significantly due to various factors. The company’s filings with the U.S. Securities and Exchange Commission (SEC) provide more detailed information on these risks.
The integration of Stripe’s cryptocurrency payment option by Thumzup is based on a press release statement and reflects the company’s efforts to adapt to the evolving digital payment landscape.
In other recent news, Thumzup Media Corporation has filed a shelf registration statement with the SEC, aiming to raise up to $200 million in capital. This potential capital will support Thumzup’s Bitcoin acquisition strategy, as the company plans to allocate up to 90% of its liquid assets into Bitcoin. Thumzup has also surpassed 900 advertisers on its platform, achieving a 220% compound annual growth rate, and targets further growth with plans to reach 1,000 advertisers by mid-Q2 2025. The company is integrating advanced AI tools like GitHub Copilot to accelerate feature development for its app, enhancing the user experience and reducing costs. Additionally, Thumzup announced the upcoming launch of its Lifestyle AI Agent Marketplace, which will offer hyper-personalized experiences in areas such as travel and dining. This marketplace aims to provide real-time consumer insights and monetization opportunities for local businesses and influencers. Thumzup’s platform continues to expand, integrating with major social media channels and reaching over 535 million monthly active users. The company remains focused on technological innovation and strategic market expansion to sustain its growth trajectory.
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