Donald Trump Jr. invests in loss-making social media company, dabbles in Bitcoin reserve strategy

Donald Trump Jr. recently bought shares in Thumzup Media, a Los Angeles-based company that is currently building a Bitcoin reserve. The investment is seen as the Trump family's latest move in its "cryptocurrency as a treasury asset" strategy.

According to documents released by Thumzup Media on Wednesday, Trump Jr. holds 350,000 shares of the company, which is worth more than $4 million based on yesterday's closing price of $12.36 per share. Sources revealed that Trump Jr. made this investment on the advice of an investment advisor and has no direct relationship with Thumzup.

Thumzup Media is currently in a loss-making state, but it is actively promoting its cryptocurrency strategy, including the construction of a Bitcoin reserve, aiming to use digital currency as a means of financial reserve. This strategy is attracting more and more investors who are interested in crypto assets, especially in the context of the growing maturity of the cryptocurrency market and its acceptance by the mainstream financial system.

This investment further demonstrates the Trump family's confidence in cryptocurrency assets as treasury assets. In recent years, with the fluctuations in the value of cryptocurrencies such as Bitcoin and their potential as hedging tools, more and more traditional investors have begun to regard cryptocurrencies as long-term investments and reserve assets.