Thumzup Media Corporation, previously known for its social media marketing services, is now deepening its involvement in the cryptocurrency space.
Following a successful capital raise of $50 million through an offering priced at $10 per share, the corporation announced its intentions to expand its portfolio of digital assets and establish its own cryptocurrency mining operation.
This strategic shift was detailed in a public announcement on August 13th. Thumzup stated that a portion of the newly acquired funds would be allocated towards the development and enhancement of its cryptocurrency mining capabilities.
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According to the announcement, the company is collaborating with various hardware suppliers to expedite the establishment of its cryptocurrency mining infrastructure.
Thumzup’s initial foray into the digital currency market occurred in January, marked by its first purchases of Bitcoin. Currently, the company’s holdings include 19.1 BTC
In related news, Donald Trump Jr., the son of former President Donald Trump, has invested in the corporation, becoming a shareholder. A filing with regulatory bodies in July disclosed that he acquired 350,000 shares, which were valued at approximately $3.3 million at the time of purchase.
Thumzup’s ambitions extend beyond Bitcoin. Back in July, the company announced its interest in diversifying into other digital currencies, including Ethereum
In other news, Block Inc., led by Jack Dorsey, revealed consistent growth in its Bitcoin holdings during the second quarter of 2025. What were the specific figures disclosed by the company? Find the complete report here.