Thumzup Bolsters Cryptocurrency Investments After $50 Million Public Offering
Los Angeles-based Thumzup Media Corporation (Nasdaq: TZUP) raised $50 million through a public offering, aiming too expand its cryptocurrency holdings and mining capabilities. The funds will target Ethereum (ETH), Dogecoin (DOGE), and Solana (SOL).
Thumzup’s CEO, Robert Steele, sees this as a pivotal moment. He believes the influx of capital will strengthen the company’s position in digital asset mining and treasury management.
- Acquiring key cryptos like ETH, DOGE, and SOL
- Expanding an energy-efficient mining operation
- Creating a versatile Digital Asset Treasury (DAT)
To support these ambitions, Thumzup deepened its partnership wiht Coinbase. The company established a Bitcoin-backed credit facility via Coinbase prime in May 2025. This setup offers non-dilutive funding while maintaining exposure to Bitcoin’s value.
The mining expansion involves investing in advanced rigs, fostering a self-sustaining ecosystem. Though, challenges like energy costs and regulatory oversight persist. Thumzup must prove this diversification is worthwhile for its ad-tech business stakeholders.
this move underscores a growing trend of companies embracing crypto amid US regulatory clarity and institutional interest. Thumzup aims to led in digital asset innovation and infrastructure advancement.
