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21h ago

Thumzup Media Raises $50M to Launch Bitcoin Mining Infrastructure

Proceeds will fund large-scale Bitcoin mining infrastructure under a board-approved plan expanding its multi-coin treasury with support from a Coinbase Prime credit facility.

Trump Jr.-backed Thumzup plans to launch large-scale Bitcoin mining infrastructure after $50 million raise
Thumzup targets ETH, DOGE, SOL treasuries after closing $50m public offering
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Overview

  • Thumzup Media closed a $50 million public offering at $10 per share under its SEC-effective S-3 shelf registration to fuel its pivot into digital assets.
  • The company plans to deploy net proceeds to build large-scale Bitcoin mining infrastructure and acquire next-generation mining equipment through talks with technology providers.
  • Board approvals broadened its digital-asset policy to add Ether, XRP, Solana, Dogecoin, Litecoin and USDC alongside Bitcoin, targeting an internal pool of $250 million.
  • Thumzup maintains a Bitcoin-backed credit facility and custodial services with Coinbase Prime to support liquidity management, hedging and expanded treasury operations.
  • Key investors, including Donald Trump Jr., sold significant stakes in the secondary offering, signaling both insider liquidity and confidence in the firm’s crypto strategy.