Thumzup, a Bitcoin treasury firm, is looking into buying Dogecoin and XRP as Trump Jr. makes an investment.
Simply put Thumzup, a publicly-traded company, is considering the addition of cryptocurrencies to its financial portfolio, in addition to Bitcoin. The board approved this on Wednesday, and CEO Robert Stee mentioned they are looking into at least six coins for potential inclusion. These coins include Dogecoin, Litecoin, Solana, XRP, Ethereum, and the USDC Stablecoin. Thumzup, […]
Donald Trump Jr. puts money into a company that converts social media into a Bitcoin treasury.
Trump Jr. Invests in Thumzup Media Corp Donald Trump Jr., the eldest son of the U.S. president, has revealed his investment in Thumzup Media Corp, a social media marketing firm that uses Bitcoin in its operations. As reported by Bloomberg, Trump Jr. owns 350,000 shares in the company, estimated to be worth about $3.3 million. […]
Gold Explorer Enters Bitcoin Treasury Movement
Simply put Hamak Gold, a mineral exploration company, is converting part of the Ministry of Finance into Bitcoin. The new chairman stated that Hamak aims to lead the UK in Bitcoin financial management while also continuing its gold exploration efforts. Analysts caution that stricter liquidity conditions may lead to the failure of poorly managed Bitcoin […]
Scott Bessent Shares Insights on Upcoming Treasury Actions
Treasury Secretary’s Focus on Student Loans On Thursday, Treasury Secretary Scott Bescent announced that his department will turn its attention to student loan obligations after wrapping up efforts on trade and tax policy. With President Donald Trump’s second term set to bring substantial changes, he aims to honor his campaign pledge by eliminating certain taxes […]
SkyBridge Capital’s Anthony Scaramucci Anticipates the Decline of the Bitcoin Treasury Trend: Report
Scaramucci Predicts Temporary Trend for Bitcoin in Corporate Treasury Anthony Scaramucci, a well-known figure in hedge funds, has expressed his belief that the current trend of Bitcoin adoption in corporate treasury departments is probably short-lived. In a conversation with Bloomberg, Scaramucci, founder of Skybridge Capital, stated that he thinks the BTC treasury model will eventually […]
Ex-Obama Treasury secretary: Mamdani’s policies are not beneficial for New York
Former Treasury Secretary Jack Lew has criticized New York City mayoral candidate Zoran Mamdani over his policy proposals linked to the Socialist Initiative. Mamdani has pledged to implement free public transport, free childcare, and rent freezes if he secures the position. “These policies aren’t beneficial for New York,” Lew expressed. He reflected on his deep […]
Former treasury secretary warns Mamdani may harm NYC if elected mayor
Concerns About NYC Mayoral Candidate Zoran Mamdani’s Policies There are growing worries regarding Zoran Mamdani, a candidate for mayor in New York City. Barack Obama’s former Treasury Secretary has publicly expressed concerns that Mamdani’s policies could be detrimental to the city. “The plans he has laid out are not in the best interest of New […]
American Bitcoin associated with Trump secures $220M for mining and treasury.
American Bitcoin, a majority-owned subsidiary of Hut 8, has secured $220 million to acquire Bitcoin mining equipment and enhance its Bitcoin holdings. On Friday, 11 million shares were issued through a private placement, resulting in total funds raised of $220 million, as detailed in regulatory documents. Interestingly, $10 million of the stock was traded for […]
BitMine secures $250M to start an Ethereum corporate treasury
Bitmine Immersion Technologies Secures $250 Million for Ethereum Strategy Bitmine Immersion Technologies has announced a private placement raising $250 million to kickstart its Ether Treasury initiative. The company reported that it has signed a deal for the sale of 55,555,556 shares at a price of $4.50 per share, which should generate approximately $250 million before […]
Treasury leader expects 10 additional tariff agreements by Labor Day
WASHINGTON – On Friday, Treasury Secretary Scott Bescent mentioned that the US might finalize 10 additional tariff agreements with various countries before Labor Day. This statement comes as the European Union seems to be moving towards a new trade deal. Bescent believes these trade agreements could significantly benefit the US economy, akin to the enhancements […]