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Public company Thumzup plans to raise up to $200 million, including to buy BTC

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2025-05-03 05:40:06
According to Securities Exchange Commission (SEC) filings, Nasdaq-listed Thumzup Media Corporation filed an S-3 registration statement with the SEC, planning to raise up to $200 million through the issuance of common shares, preference shares, warrants and unit securities.
The documents show that Thumzup plans to use the proceeds raised for general corporate purposes, including the purchase of bitcoin as a major reserve asset and working capital. As of March 31, 2025, the company held about 19.106 bitcoin.
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