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Dietrich Isaac, the Chief Financial Officer of Thumzup Media Corp (NASDAQ:TZUP), has acquired additional shares of the company, according to a recent SEC filing. On March 18 and March 19, Isaac purchased a total of 2,418 shares of Thumzup Media’s common stock. The transactions were executed at prices ranging from $3.70 to $3.74 per share, amounting to a total investment of $8,998. The purchase comes as the stock shows high price volatility, with InvestingPro data indicating a -30.83% return over the past six months, though recent momentum has improved with a strong return last month.
Following these acquisitions, Isaac now holds 26,740 shares of the company directly. These transactions underscore his continued confidence in Thumzup Media, a company involved in computer processing and data preparation services. InvestingPro analysis shows the company maintains a strong liquidity position with a current ratio of 14.44 and holds more cash than debt, though its overall financial health score remains weak. Discover more insights and 8 additional ProTips about TZUP on InvestingPro.
In other recent news, Thumzup Media Corporation has authorized a $1 million stock buyback program, reflecting confidence in its growth prospects and commitment to enhancing shareholder value. The buyback will be conducted in compliance with regulatory guidelines, with timing and volume determined by market conditions. Thumzup has also endorsed the U.S. Crypto Strategic Reserve initiative, aligning with its strategy to integrate cryptocurrencies like Bitcoin into its operations. The company has increased its Bitcoin holdings and plans to invest up to 90% of its surplus cash into digital currencies. Additionally, Thumzup has announced that it will pay gig economy workers in Bitcoin, a move aimed at redefining engagement within the gig economy. In corporate governance updates, Dr. Joanna Massey has joined Thumzup’s Board of Directors, bringing over 25 years of experience in communications and media. She will chair the Nomination and Corporate Governance Committee, contributing to the company’s growth and strategic direction. These developments reflect Thumzup’s ongoing efforts to innovate and integrate digital assets into its business model.
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