Thumzup targets ETH, DOGE, SOL treasuries after closing $50m public offering

Thumzup has made its greatest crypto bet to date. Freshly out of a public offer of $ 50 million, the company accumulates Ethereum, Dogecoin, Solana and other cryptocurrencies aggressively while building a mining infrastructure, signaling a rare hybrid strategy for a company listed at NASDAQ.

According to a recent deposit With the Securities and Exchange Commission of the United States, Thumzup Media Corporation (NASDAQ: TZUP) ended a public offer of $ 50 million at $ 10 per share, with the net product intended for the accumulation of cryptocurrency and mining expansion.

The company based in Los Angeles, originally an ad-tech disruptor, now pivots digital assets, targeting Ethereum (Ethn), Dogecoin (DOGE), Solana (GROUND) and other “high potential” cryptocurrencies such as nuclei. Dominari Securities facilitated the offer, which was executed as part of a S-3 conservation recording tabled earlier this year.

Thumzup cryptography pivot

The aggressive passage of $ 50 million in Thumzup in digital assets occurs while the United States solidifies its position as a global center for cryptocurrency innovation, with regulatory clarity and institutional adoption reaching new heights, the company said.

According to the company, its pivot is designed to create an evolving and energy -efficient mining operation while diversifying its digital asset treasure, or dat.

“This is a transformative step in the evolution of Thumzup,” said CEO Robert Steele. “With a reinforced capital base and a clear strategic vision, we extend our scope in areas with high growth in the digital economy. We focus on creating sustainable assets and income generators while positioning the company as a leader in the extraction of digital assets and cash management. ”

In parallel, the company extended His relationship with Coinbase to feed this ambition. This decision is based on an initiative of May 2025, where Thumzup has laid critical bases by establishing a credit facility supported by Bitcoin via Coinbase Prime.

This provided the company with non -dilutive capital while allowing it to maintain an exposure to the potential assessment of the BTC. The installation represents more than just funding: it is a coverage against volatility and a liquidity management tool.

MINUMOR OPERATIONS

The mining expansion adds another dimension to the strategy. By investing in advanced platforms, ThumzUp aims to create a self-reinforced system where mining operations generate cryptographic assets which can be held in cash or used as guarantee. It is a vertical integration game which could, in theory, reduce the dependence of the company with regard to open market purchases while creating operational synergies with its existing activity sectors.

However, the challenges are put together. Crypto extraction has become an increasingly specialized industry where economies of scale dominate. Thumzup will have to navigate for energy costs, hardware obsolescence and the development of regulation, while convincing shareholders that this diversion with high capital intensity of its main advertising technology activities is justified.