Trump Jr.’s Thumzup Bets Big: $50M Plunge Into Crypto & Bitcoin Mining Shakes Markets

Move over Wall Street—Thumzup just went full degen with a $50M crypto pivot.

From influencer plays to ASIC stacks

Trump Jr.-backed Thumzup isn’t dipping toes—it’s cannonballing into Bitcoin mining and digital assets. The $50M allocation screams conviction (or desperation to stay relevant in Web3).

Miners rally—traders yawn

While mining stocks pop on the news, crypto vets note the timing: another corporate treasury chasing last cycle’s highs. ‘Portfolio diversification’ or FOMO? The hashrate doesn’t lie.

Watch the ticker—this play could mint Trump Jr. as a crypto whale… or leave Thumzup holding the bag when the halving hype fades.

Thumzup Partners With Coinbase to Expand Its Crypto Treasury

The company has also strengthened its alliance with Coinbase Prime. The partnership covers custody, prime brokerage, and institutional-grade crypto services. Coinbase will handle XRP, Bitcoin, Ethereum, Solana, and other assets in Thumzup’s growing portfolio. This move aligns with the company’s authorization to hold up to $250 million in cryptocurrencies, representing as much as 90% of its liquid assets. CEO Robert Steele said the partnership will allow Thumzup to scale both its crypto accumulation and mining operations, with Coinbase providing “military-grade security” for digital asset storage.

Bitcoin’s Peak Drives Thumzup’s Aggressive Expansion

Thumzup’s timing couldn’t be more strategic. bitcoin just set a fresh all-time high at $124,128 before slightly easing back. The surge has reignited corporate interest in holding BTC as a treasury asset. Companies worldwide are expanding their reserves, from Sweden’s H100 Group boosting its holdings to Japan’s Metaplanet reaping massive gains. Thumzup is capitalizing on the rally by diversifying into altcoins like XRP, Litecoin, Dogecoin, Solana, Ether, and USDC. The goal is to create one of the most strategically managed digital asset treasuries in the public markets.

Thumzup’s Stock Rides the Crypto Wave

Investor reaction has been mixed but largely bullish. Thumzup’s shares jumped over 7% in after-hours trading following the funding news. Year-to-date, the stock has gained nearly 195%, even with occasional pullbacks. Earlier this week, shares dipped after a preferred stock announcement, but momentum quickly returned. The market appears to be pricing in the growth potential of Bitcoin mining and treasury diversification. With Coinbase Prime’s backing and a clear focus on crypto, Thumzup is positioning itself as a serious player among publicly traded digital asset companies.

Trump Jr. and the Bigger Picture in Crypto Adoption

Trump Jr.’s involvement adds a high-profile political connection to Thumzup’s strategy. His stake reflects the TRUMP family’s broader interest in the crypto industry, which has included other ventures and partnerships. The move also fits into a larger trend of public companies turning to crypto as a hedge and growth driver. From mining rigs to diversified token portfolios, firms are preparing for what they see as a long-term shift in financial markets. If Bitcoin breaks above $125,000 and institutional adoption keeps rising, Thumzup’s aggressive bet could pay off in a big way.