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Thumzup Media Raises Capital to $500 Million: Boosting Bitcoin Reserves?
Thumzup Media Corp. (Nasdaq: TZUP) has filed an amendment to its shelf registration Form S-3 with the SEC, raising the maximum offering amount from $200 million to $500 million, aimed at expanding its marketing business and enhancing Bitcoin reserves. Is this a strategic move for the future of digital finance? Let's analyze in detail.
Thumzup Raises Offering Amount to $500 Million
#ThumzupMedia has adjusted its shelf registration, allowing for the raising of $500 million over the next 3 years through common stock, preferred stock, warrants, bonds, and other units. This move supports a dual strategy: expanding the social media marketing platform and increasing Bitcoin reserves. As of May 5, 2025, Thumzup owns 19,106 BTC, worth approximately $1.8 million, with previous management approving the retention of up to 90% of liquid assets in Bitcoin.
Thumzup Raises Offering Amount to $500 Million
#ThumzupMedia has adjusted its shelf registration, allowing for the raising of $500 million over the next 3 years through common stock, preferred stock, warrants, bonds, and other units. This move supports a dual strategy: expanding the social media marketing platform and increasing Bitcoin reserves. As of May 5, 2025, Thumzup owns 19,106 BTC, worth approximately $1.8 million, with previous management approving the retention of up to 90% of liquid assets in Bitcoin.
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