Fresh from one $ 50 million capital increase Through an offer of $ 10 per share, the company is planning to expand its strategy with large-scale Bitcoin mining and targeted blockchain investments.
Source: Thumzupmedia.com
Part of the funds goes to the purchase of advanced mine rigures, with all discussions with technology suppliers to quickly track the implementation.
Thumzup, who bought his first Bitcoin in January and now owns 19.1 BTC, joins a growing list of public companies that treat crypto as a strategic active.
Donald Trump Jr. possesses 350,000 shares in the company.
Bitcoin -Rally on the macro -golf
Building on the Bullish Timing of Thumzup, Bitcoin rose past $ 123.231 on August 13, a fresh of all time high on Coinbase.
The milestone came alongside a record setting S&P 500, because softer than expected inflation data caused optimism on risk markets.
The CPI of July kept stable at 2.7% on an annual basis-under the predictions while the monthly price growth delayed, which strengthened bets at a speed reduction in September.
The cme fedwatch -tool now Commits those opportunities With almost 96%.
Source: CMegroup.com
Looser monetary policy and an end to quantitative tightening have so far supported the momentum of Bitcoin.
Investors also see the effects of the One Big Beautiful Bill from President Trump that makes way for more crypto winsts.
Trump -Oogen fed the successor in the midst of Powell -Criticism
While the Bitcoin meeting unfolds, the political spotlights are also in the Federal Reserve.
President Donald Trump has intensified his attacks At Jerome Powell he called him “too late” and claims “the damage” as “unpredictable”.
He shot a $ 3 billion construction project as “a job that should have been a fix of $ 50 million dollars. Not good!”
Source: Truth Social
Meanwhile, the administration Finds 11 potential successors Because when the term of Powell ends in May.
New names in the mix are Jefferies -Strategist David Zervos, former Fed Gouverneur Larry Lindsey and BlackRock Cio Rick Rieder. They join a schedule of seasoned monetary policyhands.
Civil servants have described the process as ‘deliberative’. Treasury Secretary Scott Bessent will interview all contenders before limiting the field for Trump’s decision.