TLDR:
- Thumzup has closed a $50M public offering to back crypto mining and digital asset buildup.
- Company will use proceeds to buy mining gear and diversify holdings in BTC, ETH, SOL, XRP, LTC.
- Offering sold at $10 per share under SEC-effective shelf registration filed earlier this year.
- Thumzup plans to channel net proceeds into mining infrastructure, crypto reserves, and working capital.
Thumzup has lately pulled in $50 million from a public stock sale, and it’s not playing it safe. The social media company is turning that fresh cash toward cryptocurrency mining and a big build-up of coins like Bitcoin, Ethereum, and Solana.
The plan was laid out in an SEC filing and marks a clear turn toward the digital asset space. Investors now have fresh numbers, a share price, and a roadmap for how the funds could be used. The question is how fast Thumzup can put this capital to work in a volatile market.
Thumzup Secures $50M to Power Crypto Mining and Asset Growth
Thumzup, the social-media-turned-digital-asset player, has sealed a $50 million offering, selling common stock at $10 a share. The move comes through a shelf registration declared effective by the SEC in late May 2025, with prospectus supplements filed in early August.
Now, the company has fresh capital to explore crypto mining and build a diverse crypto asset treasury. The net proceeds will fund purchases of mining equipment, crypto holdings, and provide operational cash.
Dominari Securities LLC acted as the sole placement agent. This offering signals a bold pivot for Thumzup, from ad tech disruptor to serious crypto player. The company quietly turned the page on its shelf S-3, filed in early May and cleared by the SEC on May 30, 2025.
Then came the August filings, supplementing terms and closing the deal right around August 12, 2025.
Crypto, Price, and Pivot: What’s in It for Thumzup
Thumzup now plans to back mining infrastructure and build a digital asset reserve. The filing mentions assets like BTC, ETH, SOL, XRP, and LTC as targets for acquisitions.
The company may also deepen its relationship with Coinbase Prime, which has become its go-to custodian and prime broker, though that detail comes from supplemental coverage.
This isn’t just crypto for show. Thumzup can allocate up to 90% of liquid assets into crypto and already tapped a Bitcoin-backed credit line via Coinbase Prime in May 2025.
That’s a sharp change. It puts crypto and mining front and center in Thumzup’s strategy, making its digital asset treasury the next big chapter.
Navigating the New Course: What Investors Should Watch
The SEC filing outlines general usage of proceeds, but doesn’t dive deep into expected returns, mining capacity, or asset allocation breakdown. That leaves questions.
Still, this capital infusion gives Thumzup runway to enter markets that move fast and can shift even faster. Readers will want to monitor execution here, how they deploy mining gear, manage crypto exposure, and keep pricing risks in check.
The price per share,$10, also sets a valuation milestone. It’s worth comparing to prior trading levels and flotation prices to understand dilution and investor sentiment. In short, this is a bold economic turn. It’s vivid. It’s direct. And it demands watching. Especially in markets where price swings aren’t rare.
