Donald Trump's Sons Take Another Step Towards Bitcoin and Cryptocurrency: They Are Not Giving Up

Donald Trump Jr., the son of U.S. President Donald Trump, has purchased millions of dollars worth of shares in a social media company that holds Bitcoin. This move is the latest example of the Trump family's recent shift towards a cryptocurrency holding strategy. Thumzup Media Corp. based in Los Angeles announced today that Trump Jr. owns 350,000 shares of the company. These shares are valued at over 4 million dollars based on yesterday's closing price of 12.36 dollars. Trump Jr. is said to have made this investment based on the recommendations of his personal investment advisor and has no other connections to the company. This announcement comes after a $6 million private stock sale last week through Dominari Securities. Trump Jr. and his brother Eric Trump are currently serving as advisors at the parent company of Dominari. Thumzup is developing an application that allows users to earn money by promoting products on Instagram. Thumzup announced in January that they would hold the majority of their liquid assets in Bitcoin. Currently, the company is holding over 2 million dollars in Bitcoin. In a new announcement today, the company stated that they will expand this strategy with funds raised from the private sale and will accumulate six different cryptocurrencies.