Donald Trump Jr., son of Donald Trump, invests in social media company with losses, supports its Bitcoin reserve strategy

On July 10, according to Bloomberg, Donald Trump Jr., son of U.S. President Donald Trump, purchased approximately 350,000 shares of social media company Thumzup Media Corp. through a $6.000 million convertible preferred stock private placement arranged by Dominari Securities, valued at over $4.000 million based on the previous closing price. Thumzup Media Corp. is a social media company that is currently loss-making and has allocated most of its liquid assets to Bitcoin since January, currently holding over $2.000 million, and has announced that it will expand to include six other crypto assets. [Shenchao TechFlow]