Donald Trump Jr. Drops $4M on Thumzup Media Corp. – 350,000 Shares Snapped Up
Trump Jr. just made a power play in the media space—plowing over $4 million into Thumzup Media Corp. The move grabs 350,000 shares, signaling either bold confidence or another rich-guy gamble on hype.
Why Thumzup? The company’s been buzzing at the intersection of social media and ad tech, though let’s be real—celebrity investments don’t always equal genius (see: every crypto endorsement ever).
Watch this space. If the stock pumps, it’s ‘visionary.’ If it tanks? Just another tax write-off.
Company loses money, stacks Bitcoin, and adds six more coins
Thumzup runs an app that pays users to post brand promotions on Instagram, but it isn’t bringing in much cash. The company brought in just $151 in revenue during the first quarter of the year, while spending $2.2 million.
As losses grow, the company’s response has been to stockpile crypto. In January, Thumzup said it WOULD park most of its liquid assets in Bitcoin, and by now it has more than $2 million worth. Today, the firm said it’s expanding that strategy to include six additional coins, using proceeds from the private placement to do so.
None of the companies or individuals involved gave public comments. A spokesperson for the Trump Organization, where Donny serves as Executive Vice President, didn’t respond to messages. Thumzup and Dominari both declined to comment as well.
Meanwhile, more Trump-aligned businesses are heading in the same direction. Dominari began investing in a Bitcoin ETF in February.
In March, Eric joined the board of advisers at Metaplanet, a former hotel company in Japan that now focuses on buying up Bitcoin. And the Trump Media & Technology Group, which runs Truth Social, raised $2.3 billion for bitcoin investments.
President Donald Trump, now back in the WHITE House, has publicly vowed to make the United States the “crypto capital of the world.” His wealth, estimated at $6.5 billion by the Bloomberg Billionaires Index, has been boosted by the family’s crypto-heavy ventures like World Liberty Financial and the Trump memecoin.
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