Thumzup Media Corporation plans to issue $500 million in securities to acquire Bitcoin
According to reports, Thumzup Media Corporation has submitted an S-3 registration statement to the U.S. Securities and Exchange Commission, planning to periodically issue up to $500 million in common stock, warrants, units, or equity certificates. The company plans to use the net proceeds for general corporate purposes, including the acquisition of Bitcoin as a primary reserve asset and for working capital needs. Previously, Thumzup submitted an S-3 registration statement to issue up to $200 million in securities to acquire Bitcoin.