Donald Trump Jr. has purchased 350,000 shares of Thumzup Media Corp., a struggling social media startup, for over $4 million, signaling a significant investment shift towards cryptocurrency as of July 2025.
The acquisition underscores Thumzup’s strategic pivot to hold significant cryptocurrency reserves, including Bitcoin, aligning with growing corporate trends that influence stock volatility and market dynamics.
Thumzup Secures $6 Million Via Trump Jr. Investment
Donald Trump Jr.’s acquisition of 350,000 shares in Thumzup represents a pivotal moment for the company’s financial trajectory. Robert Steele, CEO, is leading an initiative towards exploring cryptocurrency investments to diversify and innovate their financial strategies.
Eric and Donald Trump Jr. guide Dominari Securities, which orchestrated a $6 million private stock placement for Thumzup. The company’s pivot toward digital assets is part of Steele’s broader strategy to fortify its financial standing.
Thumzup’s Stock Swings After Crypto Integration News
Thumzup’s stock experienced dramatic fluctuations, initially surging nearly 75% but later dropping 14-17% following announcements of deeper cryptocurrency integration. Market observers are cautiously evaluating these developments given Thumzup’s speculative market position.
With over $2 million in Bitcoin and a plan to allocate more liquid assets into cryptocurrencies like Ethereum and Solana, Thumzup’s decision reflects a growing trend among companies to leverage digital assets for potential financial flexibility and resilience.
“Expanding our exploration into other leading cryptocurrencies aligns with our commitment to innovation and prudent treasury management. We believe that a diversified approach to digital assets could enhance our financial flexibility as we continue to scale our AdTech platform and grow our advertiser base.” Robert Steele, CEO, Thumzup Media Corp.
MicroStrategy and Tesla’s Bitcoin Moves as Precursors
Similar strategies have been employed by companies like MicroStrategy and Tesla, who embraced Bitcoin, resulting in increased share volatility. These moves often trigger broad retail and institutional interest, despite their limited immediate impact on cryptocurrency prices.
Industry experts, referencing companies like MicroStrategy, note that while such crypto investments can result in short-term market changes, sustainable effects on prices require significant market participation. Thumzup’s small size may limit its broader market influence.
| Disclaimer: This website provides information only and is not financial advice. Cryptocurrency investments are risky. We do not guarantee accuracy and are not liable for losses. Conduct your own research before investing. |
