Three small-cap companies, Thumzup Media Corporation, Solidion Technology, and Genius Group, have recently made headlines by incorporating Bitcoin into their treasury reserves. These companies, each with a market capitalization under $50 million, are taking bold steps as Bitcoin continues to attract interest from both individual and institutional investors after reaching an all-time high of over $93,000.
Thumzup Media Corporation announced on November 15th that its board had approved a $1 million investment in Bitcoin. At the current price of $90,085 per Bitcoin, this would equate to approximately 11.1 BTC. CEO Robert Steele stated that this decision was driven by the growing demand for Bitcoin, emphasizing its finite supply and resistance to inflation as key advantages. Following the announcement, Thumzup’s stock rose by 4%, with a share price of $3.97 and a total market cap of $36 million. Thumzup Media operates a social media marketing platform connecting users with brands, allowing individuals to earn money by posting authentic testimonials for advertisers.
Solidion Technology, a US-based battery tech company, revealed its plans to allocate 60% of its excess cash reserves to Bitcoin. The firm also aims to convert interest earned from money market accounts into Bitcoin and set aside a portion of future fundraising for long-term Bitcoin holdings. Solidion believes that Bitcoin’s potential to hedge against inflation and diversify its treasury will maximize shareholder value while taking advantage of the cryptocurrency’s upward trajectory. CFO Vlad Prantsevich expressed optimism about Bitcoin’s future adoption as a reserve asset by nations and corporations, highlighting the significant value and long-term potential of the cryptocurrency.
Genius Group, an AI company, announced a bold initiative on November 12th to allocate $120 million of its reserves to Bitcoin. The company plans to leverage Bitcoin to enhance its educational programs and global payment capabilities. CEO Roger Hamilton emphasized the role of blockchain and AI in shaping a decentralized future, aiming to bridge the gap between traditional finance and emerging decentralized economies through education and innovation. Hamilton expressed confidence in Genius Group’s ability to lead the way in this new era of finance.
These companies’ decisions to incorporate Bitcoin into their treasury reserves reflect a growing trend among businesses seeking long-term stability and growth opportunities. As Bitcoin continues to gain traction in both retail and institutional circles, small-cap companies are positioning themselves to benefit from the cryptocurrency’s potential as a valuable asset for reserves and strategic investments.