Thumzup Media Corporation has taken significant steps towards the cryptocurrency market by acquiring Bitcoin and planning further investments.
Investments in Bitcoin
In its recent letter to shareholders, Thumzup Media Corporation reported the purchase of $1 million in Bitcoin. This investment followed a fundraising of $6.5 million from strategic investors by selling shares at $6 each in June 2025.
Expansion Plans
The company also announced the closing of a $50 million common stock offering via Dominari Securities. Additionally, Thumzup aims to acquire a premier Dogecoin mining operation equipped with 2,500 state-of-the-art mining rigs.
Thumzup Financial Performance
Thumzup Media Corporation reported revenues of $151 million in Q1 of this year and a net loss of $2.14 million. In Q2, revenues were $15 million with a net loss of $1.19 million, both quarters showing negative net margins.
Thumzup Media Corporation continues to actively participate in the cryptocurrency space, making investments in Bitcoin and expanding its Dogecoin mining operations, despite facing financial challenges.
