The Trump family makes a significant move! Donald Trump Jr. invests in Thumzup to layout BTC, ETH, SOL, XRP, and encryption Mining.

The Trump family has once again made waves in the Crypto Assets market. According to the latest regulatory filings, Donald Trump Jr. has become a major shareholder in the Los Angeles social media and digital asset company Thumzup.

The company recently completed a public offering of $50 million, and the funds will be used to expand its encryption mining business and to finance the purchase of tokens including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Ripple (XRP) for its multi-asset portfolio.

Thumzup Fundraising and Business Expansion

Financing scale: $50 million common stock issuance, net proceeds of approximately $46.5 million after deducting expenses.

Use of funds:

1. Expand the Crypto Assets mining business.

2. Purchase tokens (BTC, ETH, SOL, XRP, DOGE, LTC, etc.) for the multi-asset financial platform.

Background: Thumzup was originally an advertising technology application operator that allowed users to earn revenue through social media content, and is now transforming to enter the fields of digital assets and mining.

Donald Trump Jr.'s holdings and role

According to documents submitted to the U.S. Securities and Exchange Commission (SEC), Donald Trump Jr. holds approximately 350,000 shares of TZUP stock and is listed as one of the 11 major shareholders. These shares may be sold to the public through a secondary offering. He is one of the largest individual shareholders in this offering, second only to some venture capital and investment firms.

Thumzup's Crypto Assets and Mining Layout

Digital Asset Treasury Bond (DAT) Strategy: Use public financing funds to directly purchase Crypto Assets and hold them as company assets.

Mining Plan:

1. Collaborate with leading mining machine and technology suppliers to accelerate construction speed.

2. The goal is to become a leader in the fields of digital asset mining and fund management.

CEO Robert Steele stated: This funding will propel the company into the "high-growth area of the digital economy" and create long-term revenue-generating assets.

Trump family's Crypto Assets landscape

Known projects involved:

1. World Liberty Financial (DeFi and stablecoin project)

2. American Bitcoin (BTC mining company, a subsidiary of Hut 8)

Family Member Roles:

Eric Trump: Chief Strategy Officer of American Bitcoin.

Donald Trump Jr.: Thumzup major shareholder.

Investment Returns: Bloomberg estimates that the Trump family has made a profit of $620 million from crypto assets investments in recent months.

Motive: Eric Trump has stated that the family's interest in Crypto Assets stems from concerns about the cancellation and scrutiny of banking services.

Conclusion and Market Impact

The Trump family's investment in Thumzup shows that their布局 in the Crypto Assets and mining field is continuing to expand, covering mainstream assets such as BTC, ETH, SOL, and XRP.

As Thumzup completes its $50 million funding and accelerates its mining and token purchase plans, the market may see increased attention from more institutions and high-net-worth investors.

Gate will continue to track Thumzup's asset allocation and mining progress, and analyze its potential impact on the liquidity and price trends of the crypto market.