Management is requesting authorization from its Board of Directors to hold up to 90% of its liquid assets in BTC for additional, ongoing Bitcoin purchases as part of its Treasury Asset Strategy announced on November 15, 2024.
Coinbase’s (Nasdaq: COIN) Prime platform serves as custodian and provides self-custodial wallet services for Thumzup’s BTC.
Thumzup expects to begin paying gig-economy workers in BTC in the coming weeks, in compliance with all applicable laws and regulations.
[1] https://bravenewcoin.com/insights/bitcoin-hoarders-of-2024-the-hodl-top-70-and-their-crypto-treasuries
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