ChainCatcher news, according to PR Newswire, Donald Trump's eldest son, Donald Trump Jr., has invested in the Nasdaq-listed company Thumzup Media Corporation, which holds cryptocurrency reserves. The company announced a public offering price of $10 per share for certain investors to issue pre-funded warrants in lieu of common stock, with a total fundraising amount expected to be $46.5 million. The transaction is expected to be completed around August 12, 2025, but is subject to customary closing conditions.
The company intends to use the net proceeds from this offering to purchase cryptocurrency and mining equipment, for working capital, and for general corporate purposes.