Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Samzap, backed by Trump Jr., expands its cryptocurrency strategy with 7.3 billion yen raised.
Thumzup Media Corporation, listed in the U.S., announced on the 12th that it raised $50 million (approximately 7.3 billion yen) through a public offering of common stock. It stated that the net proceeds will be used for purchasing additional cryptocurrency, mining operations, and working capital.
According to documents submitted to the U.S. Securities and Exchange Commission (SEC), Donald Trump Jr., the eldest son of President Donald Trump, also holds approximately 350,000 shares of the company.
Samzap Media is a company engaged in social media marketing. It employs a strategy that allows it to hold up to 90% of its liquid assets in Bitcoin (BTC). As of July 8, it holds 19.106 BTC (approximately worth 350 million yen).
The company’s board of directors approved in July the expansion of investments into altcoins such as Dogecoin (DOGE), Litecoin (LTC), Solana (SOL), XRP, and Ethereum (ETH), as well as stablecoins like USDC.
On the 13th of this month, we officially announced the strategic expansion of cryptocurrency mining and treasury investments. Regarding mining, it was explained as follows.
We invest in cutting-edge cryptocurrency mining infrastructure with a focus on energy efficiency, operational scalability, and long-term sustainability.
Actively collaborate with major mining technology providers to accelerate infrastructure development and expand business at the forefront of the industry.
It was also mentioned that by concentrating on accumulating major cryptocurrencies, the balance of held assets will be strategically expanded.
By combining two approaches of mining and cryptocurrency investment, we aim to strengthen our financial structure, create new sources of revenue, and generate long-term shareholder value.
The company’s CEO, Robert Steele, commented as follows.
Based on a strengthened capital base and a clear strategic vision, we will expand our business into high-growth areas of the digital economy. We will focus on building sustainable and revenue-generating assets, establishing our position as a leader in digital asset mining and cryptocurrency treasury operations.
Mr. Trump Jr. acquired shares in Samzap Media on the advice of an investment advisor and is said to have no other involvement with the company.
On the other hand, the Trump family is actively pursuing ventures related to cryptocurrency.
For example, Hut 8 Corporation, which engages in cryptocurrency mining and AI (artificial intelligence) data centers, will launch a subsidiary called “American Bitcoin” to carry out mining and Bitcoin accumulation in collaboration with Eric Trump and Donald Trump Jr.
In addition, there is a DeFi (Decentralized Finance) project called “World Liberty Financial (WLFI)” that Donald Trump and his family are involved in. In March, they launched a USD-pegged stablecoin, USD1.