CMC News

#DonaldTrumpJr Buys $4M Stake in Crypto Treasury Company Thumzup

Donald Trump Jr. has acquired 350,000 shares worth approximately $4 million in Thumzup Media Corporation, a company pursuing an aggressive crypto treasury strategy.

Thumzup expanded its digital asset holdings beyond $BTC to include $ETH, $SOL, $XRP, $DOGE, $LTC, and $USDC as treasury reserves.

The company currently holds 19.106 $BTC valued at $2.1 million and allows up to 90% of its liquid assets to be in cryptocurrency.

Trump Jr.'s investment came through a $6 million private placement arranged by Dominari Securities, where his brother Eric serves as an advisor.

The AdTech platform pays users for social media posts about advertisers but reported a $2.2 million net loss on just $151 revenue in Q1.

This marks another Trump family move into #crypto treasury companies, following Eric Trump's advisory role at #Bitcoin-focused Metaplanet.

The disclosure sent Thumzup shares down 14% as investors weighed the expanded #cryptocurrency exposure risks.

Trump Jr. has no operational involvement with the company beyond his shareholding position, according to sources close to the investment.