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Home Articles Trump-Affiliated Thumzup Raises $50M For Crypto Mining & Reserve

Trump-Affiliated Thumzup Raises $50M For Crypto Mining & Reserve

Simon Simba
Simon Simba
Simon is a writer with five years experience in crypto and iGaming. He currently works as a freelance writer at BanklessTimes where he focuses on simplifying daily crypto developments for readers. He discovered crypto in 2022 while writing news about NFTs for a news website in the US, and has since written for two other international NFT projects, and a Web3 gaming agency.
Updated: August 14th, 2025
Editor:
Joseph Alalade
Joseph Alalade
Editor:
Joseph Alalade
News Lead and Editor
Joseph is a content writer and editor who has actively participated in crypto for over 6 years. He enjoys educating others about Web3 and covering its updates, regulatory developments, and exciting stories.

With an effective shelf registration, Thumzup Media Corporation (Nasdaq: TZUP) has raised about $50 million through a secondary public offering. The $10 per share financing is a major victory for the ad-tech and digital marketing disruptor as it enters the lucrative bitcoin mining and digital asset accumulation space.

Thumzup’s goal is to create one of the most “strategically managed and growth-focused digital asset treasuries” on the public market. It was successfully accelerated by the secondary public offering, which was organised by Dominari Securities LLC as the exclusive placement agent and closed this week.

Furthermore, it includes crypto mining and a diverse reserve of leading cryptocurrencies, which will be the two main uses of the capital infusion. The assets include Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC). Its long-term objectives also include growing the entire digital asset portfolio to $250 million, with strategic investments in Dogecoin (DOGE) and USD Coin (USDC).

Thumzup And Coinbase Prime Collaborate

Thumzup has strengthened its relationship with Coinbase Prime, a top institutional-grade custodian and prime broker. The partnership guarantees military-grade protection, complete regulatory compliance, and smooth scaling capacity for Thumzup’s reserves.

Additionally, in May 2025, the business obtained a Bitcoin-backed credit facility from Coinbase Prime. This permitted flexible treasury management without forced liquidations and non-dilutive capital access.

Thumzup, which has traditionally concentrated on social media-driven advertising platforms, has seen a dramatic transformation with its foray into cryptocurrencies. The change is in line with Thumzup’s overarching goal of generating new revenue streams.

This increases shareholder value and establishes new benchmarks for asset allocation in public markets. This is possible by fusing its knowledge of digital advertising with that of cryptocurrency mining and treasury management.

Recent changes to the board and shareholders, notably Donald Trump Jr.’s sizable stake sales, highlight the vibrancy and active involvement of Thumzup’s investor base and pave the way for aggressive expansion and strategy realignment.

READ MORE: XLM and XRP Prices Alert: Ripple and Stellar Left Behind in Crypto Rally

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Simon Simba
Simon is a writer with five years experience in crypto and iGaming. He currently works as a freelance writer at BanklessTimes where he focuses on simplifying daily crypto developments for readers. He discovered crypto in 2022 while writing news about NFTs for a news website in the US, and has since written for two other international NFT projects, and a Web3 gaming agency.