Thumzup Makes Largest Crypto Bet to Date with $50 Million Offering
Thumzup has made its largest crypto bet to date, fresh from a $50 million offering, as the company aggressively collects Ethereum, Dogecoin, Solana, and other cryptocurrencies while building mining infrastructure, signaling a rare hybrid strategy for a Nasdaq-listed company. 
According to a recent submission to the US Securities and Exchange Commission, Thumzup Media Corporation (NASDAQ: TZUP) closed a public offering of $10 per share, with net proceeds intended for the accumulation of cryptocurrencies and mining expansion. The company, based in Los Angeles, originally an ad-tech disruptor, is now turning to digital assets, aiming at Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), and other “highly potential” cryptocurrencies as core stocks.
Thumzup’s Crypto Pivot
The aggressive shift of Thumzup into digital assets comes as the United States solidifies its position as a global hub for cryptocurrency innovation, with clarity and institutional adoption reaching new heights. According to the company, its pivot aims to create a scalable, energy-efficient mining company while diversifying its Digital Treasury (DAT). “This is a transformative step in Thumzup’s development,” said CEO Robert Steele. “With an increased capital base and a clear strategic vision, we expand our reach in high-growth areas of the digital economy. Our focus is on building permanent, revenue-generating assets and establishing the company as a leader in digital asset mining and treasury management.”
In line with this ambition, the company has expanded its relationship with Coinbase, building on an initiative in May 2025, where Thumzup established a Bitcoin-supported credit facility via Coinbase Prime. This move provided the company with non-dilutive capital and enabled it to maintain the potential appreciation of BTC. The facility serves not only as financing but also as a hedge against volatility and a tool for liquidity management.
Mining Operations
The mining expansion gives Thumzup’s strategy another dimension. Through investments in state-of-the-art rigs, the company aims to create a self-reinforcing system where mining operations generate crypto assets that can be held in the treasury or used as collateral. This vertical integration play theoretically reduces the company’s dependence on open-market purchases and creates operational synergies with its existing business lines. However, challenges include controlling energy costs, hardware obsolescence, and regulatory scrutiny, while convincing shareholders that this capital-intensive diversion from their core ad-tech business is justified.
For more information on Thumzup’s strategic move into cryptocurrencies and mining, visit https://crypto.news/thumzup-targets-eth-doge-sol-treasuries-after-closing-50m-public-offering/
