Thumzup Aims for $500M Bitcoin Play Amid Expansion Plans

Thumzup Aims for $500M Bitcoin Play Amid Expansion Plans

By Miles

20 May 2025 (about 1 month ago)

1 min read

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Thumzup Media Corporation has filed to raise $500 million to invest in Bitcoin as a treasury reserve asset, signaling serious intent to enter the crypto space.

On May 19, 2025, Thumzup Media submitted an official filing to the U.S. Securities and Exchange Commission. The company plans to secure funds through common stock, preferred stock, warrants, or units, with a key objective: converting part of the capital into Bitcoin.

Founded as a social media advertising platform, Thumzup connects brands with everyday users, rewarding people for posting brand-promotional content on their social channels. The company aims to disrupt traditional digital advertising by crowdsourcing brand promotion via its mobile app.

By considering Bitcoin as a reserve asset, Thumzup aligns itself with a growing trend among forward-thinking tech firms looking to hedge against inflation and increase financial flexibility.

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