$50 Million Raise at $10/Share Positions Thumzup for Aggressive Crypto Portfolio Growth and Mining Buildout
Thumzup Media Corporation, a key player in digital assets and an innovator in the advertising sector, has announced a substantial advancement in its partnership with Coinbase as part of its strategy to boost cryptocurrency acquisition and mining activities. The Los Angeles-based company recently closed a $50 million fundraising round, priced at $10 per share, with plans to utilize these funds to diversify its cryptocurrency portfolio and invest in advanced mining equipment while maintaining a straightforward and shareholder-friendly capital structure.
The Company is Authorized to Allocate Up to 90% of Liquid Assets to Cryptocurrencies, Strengthens Strategic Flexibility
In May 2025, Thumzup expanded its capital markets initiatives by establishing a Bitcoin-backed credit facility with Coinbase Prime, which allows the company to access flexible, non-dilutive capital, thereby enhancing its Digital Asset Treasury (DAT) strategy. With authorization to allocate as much as 90% of its liquid assets to cryptocurrencies, Thumzup adopts a notably aggressive approach among publicly traded firms. CEO Robert Steele emphasized that enhancing their collaboration with Coinbase Prime underscores their dedication to developing a strategically managed and growth-oriented digital asset treasury in the public market.
Thumzup Established Bitcoin-Backed Credit Facility with Coinbase Prime to Enhance Non-Dilutive Capital Access
Ryan Ballantyne, Head of Corporate Client Strategy at Coinbase, remarked on their commitment to supporting institutions in scaling their cryptocurrency strategies through robust infrastructure that combines top-tier security with world-class custody services. Thumzup’s expansion into cryptocurrency accumulation and mining is backed by Coinbase’s specialized platform, which ensures secure and trusted custody solutions as Thumzup scales its digital asset capabilities.
About Thumzup®
Thumzup Media Corporation is at the forefront of digital marketing and financial innovation. The company operates a unique platform that enables users to earn cash by sharing branded content on social media, all managed through an intuitive advertiser dashboard. Payments are processed using PayPal and other popular digital payment channels. As Thumzup’s AdTech platform evolves, the company has also broadened its treasury strategy beyond Bitcoin, now incorporating major cryptocurrencies such as Dogecoin, Litecoin, Solana, Ripple, Ether, and USD Coin, highlighting its commitment to financial adaptability and innovation.
Forward-Looking Statements
This announcement contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements may involve uncertainties, including potential changes in market conditions, regulatory developments, and the actual use of proceeds from the offering. Words such as “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” and similar expressions are used to identify these forward-looking statements. While Thumzup believes its plans and expectations are reasonable, it cannot guarantee achieving these outcomes. Actual results may significantly differ from those projected, and potential risks are detailed in the company’s SEC filings. Investors are encouraged to review these documents available on the SEC’s website. The company does not undertake any obligation to update or revise forward-looking statements, except as required by law.
