The board of directors of Thumzup, a US publicly traded company, has approved a $250 million investment to purchase cryptocurrency.

BlockBeats News, July 18th, according to PR Newswire, Thumzup Media Corporation (Nasdaq: TZUP) announced today that its board of directors has authorized the company to hold up to $250 million in cryptocurrency assets, covering the following coins: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), Dogecoin (DOGE), Litecoin (LTC), and the stablecoin USDC.

Previously reported, former President Trump's son invested in the social media company Thumzup, which holds a cryptocurrency reserve.