Thumzup Media Corporation, a social media and marketing company, has announced a direct stock offering aimed at raising capital for further cryptocurrency acquisitions.
Funding Goals
Thumzup Media has entered into an agreement with investors to purchase up to 1,083,333 shares of common stock at $6.00 per share, generating approximately $6.5 million in gross proceeds before fees. The offering includes 179,500 shares of Series C Convertible Preferred Stock, which are non-voting shares with beneficial ownership limitations.
Bitcoin Accumulation Strategy
Thumzup has implemented one of the most aggressive Bitcoin treasury strategies among publicly traded companies, with board authorization to allocate up to 90% of its liquid assets to Bitcoin. As of May 2025, the company held approximately 19.106 BTC, representing a significant portion of its treasury reserves.
Market Reaction to the Announcement
The market responded positively to this funding announcement, reflecting investor confidence in Thumzup’s strategy focused on both expanding its advertising technology platform and building a significant cryptocurrency treasury.
Thumzup Media's strategy in accumulating crypto assets, alongside its core advertising business, creates a unique investment proposition for various investors.
