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Donald Trump Jr.-backed Thumzup to develop Ether, XRP, Solana following board approval

Donald Trump Jr.-backed Thumzup to develop Ether, XRP, Solana following board approval

Residence » Bitcoin » Donald Trump Jr.-backed Thumzup to develop Ether, XRP, Solana following board approval

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Jul. 9, 2025

The corporate has leaned carefully on digital innovation regardless of modest early-stage earnings.

Donald Trump Jr.-backed Thumzup to develop Ether, XRP, Solana following board approval

Key Takeaways

  • Thumzup is expanding its crypto treasury intention with plans to develop six altcoins.
  • Donald Trump Jr. got 350,000 shares in Thumzup Media Corp, which holds over $2 million in Bitcoin.

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Thumzup Media, a Los Angeles-based mostly completely completely company centered on social media marketing and crypto asset ideas, announced Wednesday that its Board of Administrators has current a knowing to develop its digital asset holdings beyond Bitcoin.

The media startup, which pays customers to promote merchandise on social media platforms love Instagram, for the time being holds over $2 million worth of Bitcoin.

The authorization formula that Thumzup can starting up up acquiring different crypto resources, including Ether (ETH), Ripple (XRP), Solana (SOL), Dogecoin (DOGE), Litecoin (LTC), and USD Coin (USDC), the company specified by the announcement.

The most modern growth follows a unique Bloomberg roar revealing that Donald Trump Jr., the eldest son of US President Donald Trump, owns 350,000 shares in the company, a stake valued at over $4 million.

As reported, the investment used to be made on the advice of his investment adviser, and he holds no active feature throughout the company.

The investment shows a growth among Trump-affiliated entities embracing crypto treasury ideas. Trump Media, the parent company of Truth Social, has announced plans to allocate $2.3 billion to Bitcoin, whereas Dominari is actively investing in Bitcoin ETFs.

Despite the excessive-profile backing, Thumzup reported a loss of over $2 million on $151 in earnings throughout the predominant quarter of 2025. Shares of the company fell nearly 14% in intraday trading, based mostly completely completely on Yahoo Finance files.

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