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LOS ANGELES—Robert Haag, a director at Thumzup Media Corp (OTC:TZUP), has increased his holdings in the company by acquiring additional shares. According to a recent SEC filing, Haag purchased a total of 5,000 shares of common stock on March 14, 2025. The shares were acquired at prices ranging from $3.60 to $3.6132 per share, amounting to a total purchase value of $18,026. The purchase comes as the stock has shown strong momentum, gaining nearly 11% in the past week, with the current share price at $3.70. InvestingPro data shows the company is trading slightly above its Fair Value, with its next earnings report due in just two days.
Following these transactions, Haag’s direct ownership now stands at 5,125 shares. Additionally, Haag is the managing member and sole owner of Westside Strategic Partners, LLC, which holds 299,639 shares indirectly. This brings his total beneficial ownership to 304,764 shares, reflecting his continued confidence in the company’s prospects. The micro-cap company, valued at $34.74 million, maintains a strong liquidity position with a current ratio of 14.44. Track insider transactions and access 10+ additional InvestingPro insights to make more informed investment decisions.
In other recent news, Thumzup Media Corporation has authorized a $1 million share repurchase program, reflecting the management’s confidence in the company’s growth prospects and commitment to enhancing shareholder value. The buyback will be conducted in compliance with relevant regulations, with the timing and volume of repurchases determined by market conditions. Additionally, Thumzup has expressed support for the U.S. Crypto Strategic Reserve initiative, aligning with its strategy to integrate cryptocurrencies into its financial operations. The company has increased its Bitcoin holdings and authorized the investment of up to 90% of its surplus cash into Bitcoin, further embracing digital currencies by paying gig workers in Bitcoin.
Furthermore, Thumzup has appointed Dr. Joanna Massey to its Board of Directors, where she will chair the Nomination and Corporate Governance Committee. Dr. Massey’s extensive experience in communications and media is expected to bring valuable insights to the company. These developments are part of Thumzup’s ongoing efforts to integrate disruptive technologies such as artificial intelligence and blockchain into its business model, aiming to create value for shareholders. The company continues to innovate within the digital asset and gig economy spaces, as reflected in its recent strategic moves and board appointments.
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