Thumzup Board of Directors Authorizes Allocation of Up to 90% of Surplus Cash to be Held in Bitcoin

Company Strategy and Bitcoin Acquisition - Thumzup Media Corporation has authorized the allocation of up to 90% of its surplus cash to be held in Bitcoin as part of its Treasury Asset Strategy [1] - The company purchased $1 million in BTC on January 6, 2025, and plans to continue accumulating Bitcoin [1] - Thumzup was added to The HODL Top 70, a ranking of publicly traded companies owning the most Bitcoin, on January 13, 2025 [1] - The strategic move reflects the company's confidence in Bitcoin as a long-term store of value and a groundbreaking asset class, aiming to optimize financial stability and create additional value for shareholders [2] Industry and Regulatory Developments - President Donald Trump announced plans to make the United States the "World Capital of Artificial Intelligence and Crypto" and issued an Executive Order titled "Strengthening American Leadership in Digital Financial Technology" [3] - The Executive Order directs the establishment of the President's Working Group on Digital Asset Markets, tasked with providing recommendations within 60 days on cryptocurrency regulations [3] - Legislation to establish strategic Bitcoin reserves has been introduced in six states [1] Operational Integration of Bitcoin - Thumzup plans to begin paying gig-economy workers in BTC in the coming weeks, marking a significant step toward integrating Bitcoin into its operational framework [4] - The company is ensuring compliance with all applicable laws and regulations while enabling a user-friendly payment experience for its workforce [4] Company Overview - Thumzup Media Corporation is democratizing the multi-billion dollar social media branding and marketing industry through its flagship product, the Thumzup platform [5] - The platform utilizes a programmatic advertiser dashboard and a consumer-facing App, enabling individuals to get paid cash for posting about participating advertisers on major social media outlets [5] - Payments to App users/creators are made through PayPal and other digital payment systems [5]