Thumzup Media Shares Rise After $1 Million Bitcoin Purchase

MT Newswires Live

01-08

Thumzup Media (TZUP) shares advanced 9.9% in recent Tuesday trading after the company said it bought 9.783 bitcoins for about $1 million.

The company said in a regulatory filing that it purchased the bitcoins on Monday at an average price of $102,220 per bitcoin, including fees and expenses.

Thumzup said its management has sought the board's authorization to hold up to 90% of its liquid assets in bitcoin.

The company also said that in the coming weeks, it expects to start paying gig-economy workers in bitcoin.

Price: 3.98, Change: +0.36, Percent Change: +9.94

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