Thumzup Media Corporation, a Social Media Marketing company-Crypto-Buyer, is planning to boost crypto handling and get into crypto mining after raising $ 50 million from investors.
Thumzup Says On Wednesday it expanded the crypto -associated approach “to include large -scale cryptocurrency mining and blockchain investment.”
The company said it would use some of the $ 50 million raised from a $ 10 per part of the offer on Tuesday to “state-of-the-art cryptocurrency mining infrastructure” and interact with mining technology providers “to speed up the buildout.”
The firm is currently holding 19.1 Bitcoin (Btc) After purchasing it at the first time in early January, join a trend of public companies that have Buy cryptocurrencies In the hope of boosting their sharing price.
Donald Trump Jr., the son of US President Donald Trump, bought 350,000 company sharing, then costs nearly $ 3.3 million, according to a regulation of filing In early July, Trump’s family’s widespread interest in the crypto industry deepened.
Bitcoin hit the new climax as it approaches $ 125,000
Thumzup’s planned purchase will come like to climb Bitcoin a full time over $ 124,000, with entrepreneurs Looking forward to it will drive over $ 125,000.
Bitcoin hit a record peak of $ 124,128 before 12:40 am UTC on Thursday, according to coingecko. This is from slightly cooled to $ 123,683, getting 3.6% in the past 24 hours.
Thumzup Says In early July, in addition to Bitcoin, he planned to buy Dogecoin (Doge), Litecoin (Lite), Solana (Sol), XRP (XRP), Ether (Eth), USDC (USDC), with its board allowing it to hold up to $ 250 million total crypto amounts.
Thumzup shares a lift after the bell
Shares with Thumzup (TZUP) saw a 7.62% trade gain after the hour Wednesday to $ 10.87 after closing the day of trading at a loss of nearly 1.1%.
Thumzup gained almost 194.5% to this year and the latest full time high was recorded on August 8 at $ 15.46.
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However, its stock price dropped nearly 33% to $ 10.40 when it opened for trade on Monday after announcing that it would offer the public unchanged stock, which will eventually changed.
Sweden’s H100 Group enlarges Bitcoin handles
Bitcoin and Crypto Treasury companies have continued to spy up cryptocurrencies despite crypto prices that continue to rise.
The Stockholm -based health -based H100 group -based H100 group on Wednesday said it bought 45.8 BTC, carrying its total handling up to 809.1 BTC.
H100 said it spent an average of under 1.14 million Swedish Krona ($ 119,090) per Bitcoin for a total cost of 52.18 million Swedish Krona ($ 5.47 million).
It places the H100 as having the 42nd largest Bitcoin handling of companies that have been publicly exchanged worldwide and cement its fourth place with EU companies, led by the Bitcoin Group of Germany with 3,605 BTC, According to in bitcointreasuries.net.
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