Trump Jr.-tied firm raises $50M for crypto, mining as Bitcoin peaks
Thumzup, a social marketing firm in which Donald Trump Jr. holds shares, will spend $50 million to buy crypto and mining rigs.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Thumzup, a social marketing firm in which Donald Trump Jr. holds shares, will spend $50 million to buy crypto and mining rigs.
Why this matters
This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Trump Crypto Empire Leaves Investors $4.7B Underwater, Public Citizen Report Claims
Key Takeaways: Across five Trump-related crypto products, Public Citizen estimates investors are at least $4.7 billion underwater....
UAE “Spy Sheikh” Behind Trump Crypto Bank: 49% Ownership, $500M and Questions MAGA Can’t Avoid
Sheikh Tahnoon bin Zayed al Nahyan and co-investors are behind an entity that owns 49% of the holding company created for the plan...
Capital B Raises €21M From Adam Back and TOBAM To Buy More BTC
Bitcoin Magazine Capital B Raises €21M From Adam Back and TOBAM To Buy More BTC Capital B, the Euronext Growth-listed company that...
JPMorgan’s IBIT Bitcoin ETF bet just missed its escape hatch to avoid 6% deduction
The iShares Bitcoin Trust ETF (IBIT) closed at $44.46 on Aug. 26, about 30.2% below the $63.69 price needed to trigger an early ex...
Trump Crypto Empire Faces Scrutiny Over 49% Saudi Linked Stake in New Bank
Trump-linked crypto venture company, World Liberty Financial, is preparing to launch a federally chartered national trust bank aft...
XRP treasury firm Evernorth says SEC registration now effective, clearing way for Nasdaq listing
The S-4 registration statement is for Evernorth's merger with SPAC firm Armada, through which it seeks a Nasdaq listing.