Media firm overhauls financial strategy as Trump Jr. buys stake

Donald Trump Jr., the eldest child of President Donald Trump, has acquired shares in a Los Angeles-based social media and advertising company that is building a crypto treasury.

As per a Bloomberg report published on July 9, Donald Jr. has bought 350,000 shares of Thumzup Media Corp. (Nasdaq: TZUP).

The stock was trading at $9.70 in pre-market hours, with Donald Jr.'s stake remaining at $3.39 million at the time of writing.

Though the company hasn't created much buzz in the market, it recently followed in the steps of companies like Strategy (Nasdaq: MSTR) that have perfected the strategy of stacking cryptocurrencies on their account books.

Holding only 19.106 Bitcoin on its balance sheet, Thumzup Media seems to be a rather small player in front of giants like Strategy.

However, the Trump family clearly has an eye for companies pivoting into crypto, and such firms have been quick to act on the cue.

Lo and behold!

Once the news of the...

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