Trumps increase investments in altcoins

The Donald Trump family is increasingly interested in the diversification of his cryptocurrency assets, and does it as quieter as possible.

Donald Trump Jr. invested $ 4 million in Thumzup. Previously, this company kept only bitcoins (BTC), but now I decided to add six more cryptocurrencies: Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), Solana (SOL), XRP and USDC.

Trump’s family is interested not only in bitcoin

Since the re -election, Donald Trump and his family have created a real cryptoimperia. The president’s sons even launched their own decentralized World Liberty Financial (WLFI).

Affiled by the head of the United States Trump Media has applied for the creation of a bitcoin fund. Later, the company offered a mixed fund from BTC and ETH. This week, the company said that she wants to launch an investment product based on five different digital assets.

According to Bloomberg, Donald Trump Jr. bought 350 thousand shares of Thumzup Media for $ 4 million. Earlier, the company conducted a private placement of convertible shares by $ 6 million-the son of the US president bought a majority of this offer.

On the ninth of July, Thumzup has announced plans to expand investments in altcoins. In January, the company decided to buy bitcoins. Now this list will include ETH, DOGE, LTC, SOL, XRP and USDC.

“The study of other leading cryptocurrencies corresponds to our desire for innovation and effective asset management. We are sure that diversification of digital assets will increase our financial flexibility, ”said General Director Robert Steal.

The approaches of the Trump family are different. If the Donald Jr. now invests in different cryptocurrencies, then his brother Eric participates in the project, which relies exclusively on bitcoin. It is not yet clear whether Trump Jr. Thumzup had chosen precisely because of their new crypto strategy. But one thing is clear: the family continues to increase their presence in this sector of digital assets.

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Source: Cryptocurrency

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