Thumzup targets ETH, DOGE, SOL treasuries after closing $50m public offering
The post Thumzup targets ETH, DOGE, SOL treasuries after closing $50m public offering appeared on BitcoinEthereumNews.com.
Thumzup made its biggest crypto bet yet. Fresh off a $50 million public offering, the firm is aggressively accumulating Ethereum, Dogecoin, Solana, and other cryptocurrencies while building out mining infrastructure, signaling a rare hybrid strategy for a Nasdaq-listed company. Summary Thumzup Media raises $50 million in public offering to fund cryptocurrency accumulation and mining expansion. Company to target ETH, DOGE, SOL as core holdings while building a scalable, energy-efficient mining operation. Partnership with Coinbase supports treasury strategy, including a Bitcoin-backed credit facility for liquidity and hedging. According to a recent filing with the U.S. Securities and Exchange Commission, Thumzup Media Corporation (Nasdaq: TZUP) closed a $50 million public offering at $10 per share, with net proceeds earmarked for cryptocurrency accumulation and mining expansion. The Los Angeles-based company, originally an ad-tech disruptor, is now pivoting toward digital assets, targeting Ethereum (ETH), Dogecoin (DOGE), Solana (SOL) and other “high-potential” cryptocurrencies as core holdings. Dominari Securities facilitated the offering, which was executed under an S-3 shelf registration filed earlier this year. Thumzup’s crypto pivot Thumzup’s $50 million aggressive shift into digital assets comes as the U.S. solidifies its position as the global hub for cryptocurrency innovation, with regulatory clarity and institutional adoption reaching new highs, the company said. According to the company, its pivot is designed to create a scalable, energy-efficient mining operation while diversifying its Digital Asset Treasury, or DAT. “This is a transformative step in Thumzup’s evolution,” CEO Robert Steele, said. “With a strengthened capital base and a clear strategic vision, we are expanding our reach into high-growth areas of the digital economy. Our focus is on building durable, revenue-generating assets while positioning the Company as a leader in digital asset mining and treasury management.” In parallel, the company expanded its relationship with Coinbase to fuel this ambition. The move builds…
