Trump family secretly raised crypto stocks

Donald Trump Jr. is investing millions in a crypto company with Altcoin trasury strategy. The Trump family is further expanding its exposure.

Next to Bitcoin Now also move old coins like Ethereum and XRP to the center. The direction is clear: diversification with a signal effect.

Trumps Krypto-control

The Empire of the Trump family is huge and in the Business activities of the President integrated at all levels. This includes income from crypto companies and crypto-related extensions of its media and Real estate company.

With the purchase of ThumzuP-Media shares, Donald Trump joR. adds another level of exposure.

According to one Bloomberg-Message The president's son currently has 350,000 shares of Thumzup, which corresponds to an investment of $ 4 million.

Last week, the company carried out a private placement of changeable shares worth $ 6 million, from which Donald Trump acquired the majority.

What does that have to do with Trump's crypto empire? This morning Thumzup also has a plan revealed for significant diversification of his old coin purchases.

The company took over the Bitcoin treasury strategy in January and is now expanding it EthereumDogecoin, Solana, Solana, XRP under USDC.

“The expansion of our exploration into other leaders Cryptocurrencies is in line with our commitment to innovation and prudent treasury management. We believe that a diversified approach to digital assets could improve our financial flexibility, ”said CEO Robert Steele.

Bitcoin is definitely the preferred asset for most corporate crypto strategies, but the Trump family has recently shown a growing interest in altcoin diversification.

Trump Media submitted an application for a Bitcoin ETF in June And followed it a few weeks later with a BTC/ETH ETF. At the beginning of this week the company tried a Product with five old coins to create.

Nevertheless, it is difficult to say whether Donald Trump has invested Jr. in Thumzup on the basis of his diversified crypto strategy. For example, his brother Eric Trump is sitting in Consulting committee of MetAplanetbut this company is committed to Bitcoin maximalism.

This ThumzuP investment could simply be an easy opportunity to intensify crypto exposure.

Nevertheless, there are good reasons for the Trump family, a versatile approach in relation to Cryptocurrencies to follow. Lately, several corporate crypto holders have exceeded the values ​​of their own treasuries. For Donald Trump Jr., the investment in Thumzup seems to be an easy way to secure his family's bets.