Trump Jr.-tied firm raises $50M for crypto, mining as Bitcoin peaks

Trump Jr.-tied firm raises $50M for crypto, mining as Bitcoin peaks

Thumzup Media Corporation, pivoting from social media marketing to crypto, raised $50 million to expand its cryptocurrency holdings and enter large-scale mining. The funds will support acquiring advanced mining infrastructure and diversifying into Bitcoin, Dogecoin, Litecoin, Solana, XRP, Ether, and USDC, with board approval for up to $250 million in crypto assets. Donald Trump Jr. holds 350,000 shares, worth $3.3 million. Thumzup’s stock rose 7.62% after-hours to $10.87. Bitcoin hit a record $124,128, fueling Thumzup’s crypto ambitions.