Publicly Listed Company Thumzup Plans to Raise Up to $200 Million, Including for BTC Purchases

ChainCatcher reports that according to documents from the U.S. Securities and Exchange Commission (SEC), Nasdaq-listed company Thumzup Media Corporation has submitted an S-3 registration statement to the SEC, planning to raise up to $200 million through the issuance of common stock, preferred stock, warrants, and units.

The documents indicate that Thumzup plans to use the raised funds for general corporate purposes, including purchasing Bitcoin as a primary reserve asset and for operating capital. As of March 31, 2025, the company holds approximately 19.106 Bitcoins.