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Trump Jr. Puts Millions Into Company Banking on Bitcoin Reserves

  • Trump Jr. holds 350,000 shares in a company, reflecting increasing political and institutional interest in the digital asset space.
  • Thumzup, the company, has accumulated over 19 BTC worth more than $2.1 million as part of its long-term treasury strategy involving Bitcoin purchases.
  • Thumzup aims to raise up to $200 million through debt and equity for further Bitcoin acquisitions and operations expansion, aligning with a trend of firms turning Bitcoin into a hedge against inflation and uncertainty.
  • While some caution that companies like Thumzup may struggle in a bear market without strong conviction, Trump Jr.'s involvement and the growing institutional acceptance of Bitcoin through ETFs could impact the company's success in the evolving digital asset space.

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