Thumzup Explores Adding Multiple Cryptocurrencies to Treasury
Publicly traded company Thumzup has received board approval to evaluate adding a diverse range of digital assets to its corporate holdings beyond Bitcoin.
According to CEO Robert Steele, the Los Angeles-based firm will assess the potential benefits of including at least six additional coins in its treasury. The target assets are Dogecoin (DOGE), Litecoin (LTC), Solana (SOL), XRP, Ethereum (ETH), and the stablecoin USDC.
The $6.5 million funding round completed this week provided partial capital for this consideration, although actual treasury additions are not yet mandated.
CEO Robert Steele told Decrypt, “We’re looking at what’s in the best interest of our shareholders. Does it make sense for us to just increase the Bitcoin holding, or should we also start holding some DOGE or XRP?”
Meanwhile, Thumzup stock experienced a 23% decline on Wednesday, while President Donald Trump Jr. purchased a $4+ million stake in the company.
The company currently holds approximately 19 BTC ($2.1 million) and offers social media marketing services to brands. It plans to enable influencers partnered with brands to accept cryptocurrency payments.
This announcement follows a broader corporate trend embracing cryptocurrency treasuries. Public company holdings of Bitcoin recently totaled nearly $93.3 billion, though Thumzup CEO noted, “With the tariff announcements, you saw the S&P 500 go down while Bitcoin went up,” suggesting Bitcoin’s position as “digital gold.”
The crypto market’s total value has increased approximately 35% year to date, with several “blue-chip” altcoins showing remarkable resilience amid macroeconomic and geopolitical challenges.
