A new player in the crypto treasury race, closely linked to former US President Donald Trump’s family, has raised $50 million to further explore digital asset opportunities. Thumzup Media Corporation, a publicly traded advertising and social media firm listed on the NASDAQ (TZUP), is making strategic investments to bolster its financial resilience and increase shareholder value. 💰 Their plan involves expanding their Digital Asset Treasury (DAT) for mining and blockchain investment ventures. ⛏️ The company’s recent capital raise will be deployed to build infrastructure for mining operations and acquire established cryptocurrencies like Bitcoin, Ethereum, Solana, Ripple, Dogecoin, Litecoin, and the USDC stablecoin. 🏦 The move follows Thumzup’s announcement in December that they intend to hold up to $250 million in cryptocurrencies, including Bitcoin, Ethereum, Solana, Ripple, Dogecoin, Litecoin, and the USDC stablecoin. 🚀 The company’s CEO Robert Steele emphasized the significance of this step for Thumzup, highlighting its potential to expand their reach into high-growth areas of the digital economy. 📈 Thumzup joins a growing list of companies linked to the Trump family exploring cryptocurrencies. This follows investment from Donald Trump Jr., who disclosed an investment in Thumzup last month, revealing a purchase of 350,000 shares valued at approximately $3.3 million. 👨💼 Thumzup’s foray into cryptocurrency comes as they recently began accumulating Bitcoin in early January this year and currently hold 19.11 BTC, valued at roughly $2.33 million. While still far from the top 100 crypto holders, their current position reflects a strategic shift towards digital asset opportunities. Their investment pales in comparison to Trump Media & Technology Group, which boasts 15,000 Bitcoin worth approximately $1.83 billion. This initiative aligns with the broader involvement of the family’s interests in the DeFi space through World Liberty Financial, a firm they co-founded in 2024. This venture launched its token (WLFI) and stablecoin (USD1), which has a market capitalization exceeding $2.1 billion, according to CoinMarketCap, positioning them as one of the top-performing stablecoins within the market.