Trump Family Boosts Crypto Bets Indirectly With Bitcoin and Altcoins
Donald Trump Jr. poured $4 million into Thumzup, a corporate crypto custodian that recently unveiled an altcoin treasury plan. This move may signal broader diversification in the family’s digital asset holdings. Having held Bitcoin since January, Thumzup is now adding six altcoins to its reserves. That could widen the Trump family’s altcoin footprint.
Key Takeaways:
Hide- Donald Trump Jr. acquired 350,000 Thumzup shares for $4 million via its $6 million convertible offering.
- Thumzup, a Bitcoin treasury holder since January, will now include ETH, DOGE, LTC, SOL, XRP, and USDC.
- The Trump family is increasingly exploring altcoin diversification alongside its Bitcoin-centric strategies.
- Trump Media has filed for both Bitcoin and BTC/ETH ETFs and eyed a five-altcoin basket product.
- Corporate treasuries often outperform their held assets; Thumzup offers a hedged, multi-asset approach.
Trump Family Stealthily Broadens Crypto Holdings
The Trump clan’s digital currency portfolio is vast, woven into the President’s media, real estate, and crypto ventures at every turn. Donald Trump Jr. is elevating that exposure by purchasing equity in Thumzup Media.
Bloomberg reports he holds 350,000 shares in Thumzup, equating to a $4 million stake. Last week, Thumzup completed a $6 million convertible stock private placement, with Trump Jr. taking the lion’s share.
Why does this matter for their crypto interests? Today, Thumzup also disclosed plans to broaden its altcoin purchases.
After adopting a Bitcoin treasury policy in January, the firm will now include Ethereum, Dogecoin, Litecoin, Solana, XRP, and USDC.
“Diversifying into top cryptocurrencies supports our innovation goals and prudent treasury management, bolstering our financial agility,” said CEO Robert Steele.
Bitcoin remains the cornerstone of most corporate crypto treasuries, yet the Trump family’s recent moves suggest growing altcoin enthusiasm.
Trump Media applied for a Bitcoin ETF in June, then proposed a combined BTC/ETH ETF weeks later, and earlier this week attempted a five-altcoin basket product.
However, it’s unclear if Trump Jr.’s Thumzup investment was driven by its new altcoin strategy. His brother Eric serves on Metaplanet’s advisory board, a firm devoted solely to Bitcoin.
The Thumzup stake may simply represent another avenue to deepen crypto involvement.
Still, a multi-asset strategy makes sense: recent data show corporate crypto treasuries often outperform the very assets they hold. Thumzup offers Trump Jr. an easy hedge for the family’s crypto portfolio.
Final Words
By investing in Thumzup’s new altcoin strategy, the Trump family subtly broadens its crypto footprint—hedging Bitcoin with diverse digital assets.
