Thumzup Media Corporation announced it has filed an amendment to its universal shelf registration statement on Form S-3, increasing the maximum aggregate offering amount from $200 million to $500 million. This expanded registration statement will support working capital and further its Bitcoin treasury strategy.
Once effective, this upsized registration statement will allow Thumzup to raise up to $500,000,000 for additional working capital and to accelerate its Bitcoin (BTC) acquisition strategy. The company's Board of Directors previously authorized holding up to 90% of its liquid assets in BTC.
As of May 5, 2025, Thumzup currently holds 19.106 BTC, with a market value of approximately $1.8 million. This increased flexibility in capital raising is crucial for funding the company's ambitious growth plans and digital asset investments over the next three years.
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