Three publicly traded companies – Thumzup Media Corporation, Solidion Technology and Genius Group – are turning heads by including Bitcoin in their treasury reserves.
These companies, each with a market cap of less than $50 million, are making bold moves as Bitcoin continues to attract interest from both retail and institutional investors following its recent surge to an all-time high of over $93,000.
Industry leader MicroStrategy has already set the standard for creating a Bitcoin reserve strategy, cementing the flagship crypto’s position as a valuable tool for companies seeking long-term stability and growth.
Thumzup Media is betting on Bitcoin
On November 15, Thumzup Media revealed the board had approved a Bitcoin purchase of up to $1 million. At Bitcoin’s current price of $90,085, this would be approximately 11.1 BTC.
Thumzup CEO Robert Steele emphasized that the decision is in line with the increasing demand for Bitcoin. He described the asset as a reliable addition to the company’s coffers, citing its limited supply and resistance to inflation as crucial advantages.
According to data from Google Finance, the announcement boosted Thumzup’s shares by 4%, with the share price reaching $3.97, with a total market capitalization of $36 million.
Thumzup Media operates a social media marketing platform that connects users with brands. The platform allows individuals to make money by posting authentic testimonials for advertisers.
Solidion spends excess money on BTC
Solidion Technology, a US-based battery technology company, has announced plans to allocate 60% of its excess cash reserves to Bitcoin.
The company also plans to convert the interest earned from money market accounts into Bitcoin and reserve a portion of future fundraising for long-term Bitcoin investments.
Solidion highlighted Bitcoin’s potential to protect against inflation and diversify its treasury as a core motivation behind the move. The company believes this approach will maximize shareholder value while benefiting from Bitcoin’s upward trajectory.
Solidion Technology CFO Vlad Prantsevich said:
“We expect Bitcoin’s next evolution will be widespread adoption as a reserve asset by both sovereign countries and corporations, creating substantial value and long-term upside potential for Bitcoin as it becomes more accepted globally. We have made our first purchase and are excited to continue stacking Bitcoin in accordance with our policy parameters.”
Genius Group’s reserve strategy
On November 12, AI company Genius Group created outlined an ambitious Bitcoin-first initiative, committing $120 million of its reserves to the flagship crypto.
The plan also includes leveraging Bitcoin to enhance its educational programs and global payment options. CEO of Genius Group, Roger Hamilton, highlighted the potential of blockchain and AI to shape a decentralized future, stating:
“We believe that a new breed of forward-looking, AI-driven, blockchain-based public companies can bridge the gap for investors between the current, centralized and regulated world of NYSE, NASDAQ and other stock markets with the future promise of decentralized, exponential economies.”
He also expressed confidence in Genius Group’s ability to bridge the gap between traditional finance and emerging decentralized economies through education and innovation.