Overview

• Thumzup sold 5 million shares at $10 apiece under an SEC‐effective S-3 shelf, raising $50 million in a public offering facilitated by Dominari Securities.
• The company plans to allocate capital toward acquiring major cryptocurrencies beyond Bitcoin, targeting Ether, Dogecoin, Solana, XRP, Litecoin, and USDC for its digital treasury.
• Thumzup is in talks with U.S. mining technology providers to develop energy-efficient, large-scale Bitcoin mining operations and integrate mined coins into its treasury strategy.
• It currently holds over $2 million in Bitcoin and maintains a Bitcoin-backed credit facility through Coinbase Prime to secure additional liquidity and hedging capacity.
• Executives caution that the mining buildout remains in early execution and will face operational, capital and regulatory challenges as the company pivots from ad-tech to infrastructure.