Stock market today: S&P 500 drops for fifth day as focus shifts to Powell’s speech
LOS ANGELES - Thumzup Media Corporation (NASDAQ:TZUP), a $76.7 million market cap company known for its Bitcoin accumulation strategy and role in the advertising sector, is poised to join the Russell Microcap® Index when the U.S. stock market opens on June 30, 2025. The company has demonstrated remarkable momentum, with a 139% year-to-date return according to InvestingPro data. This move is expected to facilitate index-fund driven accumulation of TZUP shares and potentially enhance shareholder value over the long term.
The annual reconstitution of the Russell U.S. Indexes, which took place on April 30, 2025, ranks the 4,000 largest U.S. stocks by market capitalization. Inclusion in the Russell Microcap® Index guarantees a company’s automatic entry into the appropriate growth and value style indexes for one year. FTSE Russell, a global index provider, oversees the Russell Indexes and their reconstitution.
Robert Steele, CEO of Thumzup, expressed the company’s honor in joining the family of Russell-indexed companies and noted the timing coincides with a pivotal point in Thumzup’s growth. Both TZUP and Bitcoin have recently achieved all-time highs, which Steele attributes to the company’s ongoing Bitcoin strategy. InvestingPro analysis indicates the stock is currently trading near its Fair Value, with a strong financial health score for growth but challenges in profitability metrics. Subscribers can access 8 additional exclusive insights about TZUP’s financial health and growth prospects.
FTSE Russell, under the leadership of CEO Fiona Bassett, has recognized the need for the Russell indexes to adapt to the U.S. economy’s dynamics. Starting in 2026, the indexes will undergo semi-annual reconstitution to ensure they continue to accurately represent market trends.
Thumzup’s business model focuses on democratizing social media branding and marketing, offering a platform that allows users to earn cash for posting about advertisers on major social media outlets. The company, which has been featured on CBS Los Angeles and KTLA, provides advertisers with a programmatic dashboard for campaign customization while compensating users through PayPal and other digital payment systems.
The inclusion of Thumzup in the Russell Microcap® Index signifies a transformative milestone for the company, coming at a time when it maintains a healthy current ratio of 3.36, indicating strong short-term financial stability. Russell’s U.S. Indexes are benchmarks for approximately $10.6 trillion in assets as of June 2024, and their indexes are instrumental for investment managers and institutional investors. This announcement is based on a press release statement from Thumzup Media Corporation. For comprehensive analysis and real-time updates on TZUP’s financial metrics, visit InvestingPro.
In other recent news, Thumzup Media Corporation has filed a shelf registration statement with the SEC to potentially raise up to $200 million, which could support its strategy to increase Bitcoin holdings. The company currently holds 19.106 BTC, valued at approximately $1.8 million, and aims to allocate up to 90% of its liquid assets to Bitcoin. Thumzup has also surpassed 900 advertisers on its platform, boasting a Compound Annual Growth Rate of 220%, and is targeting further growth to reach 1,000 advertisers by mid-second quarter 2025. Additionally, the company has integrated Stripe’s "Pay with Crypto" feature, allowing advertisers to use stablecoins like USDC for payments, aligning with its strategy to embrace cryptocurrency in business operations.
Thumzup is also advancing its technological capabilities by integrating AI tools such as GitHub Copilot and Claude AI to accelerate app feature development. This move is expected to enhance the user experience and reduce development costs. CEO Robert Steele emphasizes that these innovations position Thumzup at the forefront of technological advancement. The company’s platform, which enables users to earn cash for promoting brands on social media, continues to expand its reach, integrating with major channels like Instagram Reels and X (formerly Twitter). These developments reflect Thumzup’s ongoing efforts to innovate and grow within the digital advertising industry.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.