Thumzup Media completes $50 million public offering, plans to enter the cryptocurrency market

According to Hash World News, Thumzup Media Corporation (NASDAQ: TZUP) has completed a public offering of $50 million at a price of $10 per share, with an expected total fundraising amount of $46.5 million before deducting related expenses. The company plans to use the raised funds for the allocation of cryptocurrency assets and mining machines, as well as for daily operations and other corporate purposes. Thumzup's digital asset strategy has now expanded to include major cryptocurrencies such as Dogecoin, Litecoin, Solana, Ripple, Ether, and USD Coin. This offering is exclusively underwritten by Dominari Securities LLC and is expected to complete transaction settlement on August 12.