May 3, 07:53 PM

Thumzup Media Files $200 Million Form S-3 Offering to 100x Bitcoin Holdings; Bit Digital Seeks $500 Million ATM Offering Exceeding $429 Million Market Cap

Thumzup Media Corporation has filed a Form S-3 registration statement with the U.S. Securities and Exchange Commission to offer up to $200 million in common stock, warrants, units, or rights. The proceeds from this shelf offering are intended for general corporate purposes, including the purchase of Bitcoin to serve as a primary treasury reserve. The company aims to significantly increase the size of its Bitcoin holdings through this capital raise. Separately, Bitcoin mining company Bit Digital has filed to raise up to $500 million via an at-the-market (ATM) offering, which exceeds its current market capitalization of $429 million. Bit Digital plans to use the funds to support expansion into high-performance computing and cloud services, including equipment purchases and acquisitions.

#Thumzup Media Corporation #Bitcoin #Bit Digital

Written with ChatGPT (GPT-4).

Thumzup Media Files $200 Million Form S-3 Offering to 100x Bitcoin Holdings; Bit Digital Seeks $500 Million ATM Offering Exceeding $429 Million Market Cap

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