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Social-media marketing platform Thumzup raised about $50 million in a secondary public offering, according to a company filing. The share sale was conducted under an existing shelf registration on Nasdaq. Thumzup said the proceeds will fund the launch of cryptocurrency-mining operations and the creation of a multi-asset digital treasury. The Los Angeles-based firm plans to hold and mine Bitcoin, Ether, Solana, XRP, Dogecoin and Litecoin as part of its diversification strategy. Separately, regulatory disclosures show Donald Trump Jr. recently divested a sizable personal stake in Thumzup. The company did not link the sale to its fundraising plans, and financial terms of the disposal were not disclosed.
⚡️ JUST IN: Thumzup has secured $50 million in a public offering to launch crypto mining operations and develop a multi-asset treasury focused on $BTC, $ETH, $SOL, $XRP, $DOGE, and $LTC. https://t.co/IizeFaHpQg
🚨JUST IN: Thumzup (Nasdaq: TZUP) has raised $50M through a public offering to expand into crypto mining and build a multi-asset treasury, targeting $BTC, $ETH, $SOL, $XRP, $DOGE, and $LTC. https://t.co/YqBCbHHh1C
U.S. social media company Thumzup (NASDAQ: TZUP) has completed a secondary public offering under an effective shelf registration, raising approximately $50 million to expand into cryptocurrency mining and acquire a diversified reserve of digital assets, including BTC, ETH, SOL,
