Donald Trump Jr. Invests in Social Media Company That Holds Crypto Reserves

Odaily News Donald Trump Jr. has bought shares of a loss-making social media company that is building a Bitcoin reserve, the latest investment in the Trump family's "cryptocurrency as a treasury asset" strategy. Los Angeles-based Thumzup Media said in a filing on Wednesday that 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. According to a person close to Trump Jr., Trump Jr. bought the company's shares on the advice of his investment adviser and has no other relationship with the company. (Jinshi)