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Thumzup Media Corporation Board Approves the Accumulation of Additional Leading Cryptocurrencies
Prnewswire· 2025-07-09 14:26
Core Viewpoint - Thumzup Media Corporation is expanding its digital asset strategy to include a broader range of cryptocurrencies beyond Bitcoin, aiming to enhance financial flexibility and support the growth of its AdTech platform [1][2][3] Company Strategy - The Board of Directors has authorized management to accumulate additional cryptocurrencies, specifically Dogecoin (DOGE), Litecoin (LITE), Solana (SOL), Ripple (XRP), Ether (ETH), and USD Coin (USDC) [1][2] - This initiative builds on the existing strategy that allows the company to hold up to 90% of its liquid assets in Bitcoin, with current holdings of 19.106 BTC valued at approximately $2.1 million as of July 8, 2025 [2] Management Perspective - The CEO of Thumzup stated that diversifying into other leading cryptocurrencies aligns with the company's commitment to innovation and prudent treasury management, which could enhance financial flexibility as the company scales its operations [3] Product Offering - Thumzup Media Corporation is focused on democratizing the social media branding and marketing industry through its flagship product, the Thumzup platform, which allows users to earn cash for posting about participating advertisers [3]
Thumzup Media Corporation Expands Capital Strategy With Bitcoin-Backed Credit Facility from Coinbase Prime
Prnewswire· 2025-05-13 14:15
Company Overview - Thumzup Media Corporation is focused on democratizing the multi-billion dollar social media branding and marketing industry through its Thumzup platform, which allows users to earn cash for posting about advertisers on social media [3] Capital Strategy - Thumzup has filed a shelf registration statement to raise up to $500 million for working capital and to accelerate its Bitcoin acquisition strategy [1] - The company currently holds 19.106 BTC, valued at approximately $2.0 million as of May 12, 2025 [1][2] - The Board of Directors has authorized Thumzup to hold up to 90% of its liquid assets in Bitcoin under its BTC Reserve Strategy [1][2] Partnership with Coinbase - Thumzup has established a Bitcoin-backed credit facility with Coinbase Prime to access non-dilutive capital [1] - The CEO of Thumzup highlighted the significance of Coinbase's addition to the S&P 500 as a milestone for the crypto industry and emphasized the strategic relationship with Coinbase [2] Strategic Positioning - The company believes it is optimally positioned to accelerate its Bitcoin acquisition strategy and create significant shareholder value due to its clean capital structure [2]
Thumzup Media Corporation Continues Growth Trajectory, Surpasses 800 Advertisers with a CAGR of 243%
Prnewswire· 2025-04-01 14:30
Core Insights - Thumzup Media Corporation has surpassed 800 advertisers, indicating rapid growth in the digital advertising market with a CAGR of 243% [1][3] - The company anticipates reaching 1,000 advertisers by mid Q2 2025, reflecting its aggressive market expansion strategy [1][8] Company Overview - Thumzup is recognized for its innovative AdTech platform, which has achieved a CAGR exceeding 200% as of March 24, 2024, driven by strategic expansions in South Florida, Miami, and Greater Salt Lake City [2] - The platform integrates with major social media channels, including Instagram Reels and X (formerly Twitter), reaching over 535 million monthly active users [2] Product and Services - The Thumzup platform democratizes the social media branding and marketing industry, allowing users to earn cash for posting about participating advertisers [4] - Advertisers can customize their campaigns through a robust programmatic advertiser dashboard, with cash payments made to users via PayPal and other digital payment systems [4]