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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 Announces Closing of $6.5 Million Registered Direct Offering of Series C Preferred Stock at $60.00 Per Share (The Functional Equivalent of $6.00 Per Share of Common Stock)
Prnewswire· 2025-07-07 20:30
Core Viewpoint - Thumzup Media Corporation has successfully completed a registered direct offering of Series C Convertible Preferred Stock, raising approximately $6.04 million for general corporate purposes and potential cryptocurrency accumulation [1][2]. Group 1: Offering Details - The offering involved the sale of 108,333 shares of Series C Convertible Preferred Stock, convertible into a total of 1,083,333 shares of common stock at a price of $60.00 per share of Series C, equivalent to $6.00 per share of common stock [1]. - Each share of Series C converts into 10 shares of common stock, and the Series C is non-voting with conversion limitations of 4.99% or 9.99% beneficial ownership [1]. - Dominari Securities LLC acted as the sole placement agent for the offering, which was conducted under an effective shelf registration statement [3]. Group 2: Use of Proceeds - The net proceeds from the offering, approximately $6.04 million, will be utilized for general corporate purposes and to explore the accumulation of other cryptocurrencies [2]. Group 3: Company Overview - Thumzup Media Corporation is focused on democratizing the social media branding and marketing industry, offering a platform that allows users to earn cash for posting about participating advertisers [5]. - The Thumzup platform features a programmatic advertiser dashboard and a consumer-facing app, facilitating cash payments to users through digital payment systems [5].
Thumzup Media Corporation to be Included in the Russell Microcap® Index
Prnewswire· 2025-05-27 13:21
Group 1 - Thumzup Media Corporation will be included in the Russell Microcap® Index on June 30, 2025, marking a significant milestone for the company [1][3] - The Russell U.S. Indexes serve as a benchmark for approximately $10.6 trillion in assets as of June 2024, indicating the importance of this inclusion for Thumzup [3][4] - The annual reconstitution of the Russell U.S. Indexes ranks the 4,000 largest U.S. stocks by total market capitalization, with membership in the Russell Microcap® Index lasting for one year [2] Group 2 - Thumzup's recent performance includes both TZUP and BTC reaching all-time highs, which aligns with the company's Bitcoin accumulation strategy [1][3] - The CEO of Thumzup expressed that the inclusion in the Russell Index is expected to drive index-fund driven accumulation and enhance long-term shareholder value [3] - FTSE Russell, which manages the Russell indexes, is transitioning to a semi-annual reconstitution frequency starting in 2026 to better represent the market [4] Group 3 - Thumzup operates in the social media branding and marketing industry, utilizing a platform that allows users to earn cash for promoting advertisers on social media [5] - The Thumzup platform features a programmatic advertiser dashboard and a consumer-facing app, facilitating cash payments to users through digital payment systems [5]
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 Files Form S-3 Amendment to Increase Shelf Registration to $500 Million
Prnewswire· 2025-05-06 15:30
Core Viewpoint - Thumzup Media Corporation has filed an amendment to its universal shelf registration statement, increasing the maximum aggregate offering amount from $200 million to $500 million to support working capital and its Bitcoin acquisition strategy [1][2]. Group 1: Registration Statement Details - The upsized registration statement will allow Thumzup to raise up to $500 million for additional working capital and to further its Bitcoin acquisition strategy [2]. - The Company’s Board of Directors has authorized Thumzup to allocate up to 90% of its liquid assets to Bitcoin as part of its treasury strategy [1][2]. - Thumzup may raise capital in one or more offerings over the next three years, utilizing various securities including common stock, preferred stock, warrants, debt securities, purchase contracts, and/or units [2][3]. Group 2: Future Offerings - Specific terms for any future capital raising under the shelf registration will be detailed in a prospectus supplement filed with the SEC at the time of the offering [3]. - No securities are being sold at this time under the amended shelf registration [3][4]. Group 3: Company Overview - Thumzup Media Corporation is focused on democratizing the social media branding and marketing industry, offering a platform that allows users to earn cash for posting about participating advertisers [6]. - The Thumzup app is available for download on major platforms, enhancing user engagement and advertiser reach [5][6].
Thumzup Media Corporation Files $200 Million Shelf Registration for Working Capital and to Further Its Bitcoin Treasury Strategy
Prnewswire· 2025-05-05 13:25
Core Viewpoint - Thumzup Media Corporation has filed a universal shelf registration statement with the SEC, allowing it to raise up to $200 million for working capital and Bitcoin acquisitions, while also authorizing the allocation of up to 90% of its liquid assets to Bitcoin under its BTC Reserve Strategy [1][2][3]. Group 1: Company Strategy - The company currently holds 19.106 BTC, valued at approximately $1.8 million as of May 4, 2025 [1]. - The Board of Directors has approved a strategy to acquire Bitcoin, permitting the allocation of up to 90% of liquid assets to BTC [3]. - The registration statement allows for capital raises through various securities over three years after it becomes effective [3][4]. Group 2: Capital Raising Mechanism - The registration statement on Form S-3 is not yet effective, meaning no securities can be sold or offers accepted until it is [5]. - Future offerings will be detailed in a prospectus supplement filed with the SEC, providing flexibility for capital raising [4][5]. Group 3: Company Overview - Thumzup Media Corporation operates in the social media branding and marketing industry, offering a platform that allows users to earn cash for promoting advertisers on social media [6]. - The platform features a programmatic advertiser dashboard and a consumer-facing app, facilitating cash payments through digital payment systems [6].
Thumzup Media Corporation Surpasses 900 Advertisers, Achieving a New Growth Milestone on Its Proprietary AdTech Platform
Prnewswire· 2025-05-02 12:37
Group 1 - Thumzup Media Corporation has surpassed 900 advertisers, achieving a Compound Annual Growth Rate (CAGR) of 220%, indicating significant growth in the digital advertising space [1][2][3] - The company aims to reach 1,000 advertisers by mid-Q2 and 5,000 advertisers by the end of 2025, reflecting its aggressive growth strategy [1][8] - Thumzup's AdTech platform integrates with major social media channels, including Instagram Reels and X (formerly Twitter), reaching over 535 million monthly active users [2][4] Group 2 - The Thumzup platform allows users to earn cash for posting about participating advertisers, democratizing the social media branding and marketing industry [4] - The company is focused on market expansion across regions such as Southern California, South Florida, Miami, and the Greater Salt Lake City area [2][3] - CEO Robert Steele emphasized the importance of continued investment in market expansion and technological innovation for sustained growth [3]
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]