Thumzup Media Secures $200 Million for Bitcoin Expansion

Thumzup Media, a Los Angeles-based SaaS company specializing in social media marketing and advertising, has filed an S-3 prospectus with the SEC to raise up to $200 million. The company intends to utilize these funds to acquire additional Bitcoin as part of their treasury reserve strategy. 29 BTCs have already been accumulated by Thumzup as a portion of its Bitcoin holdings. Their ambition is to allocate up to 90% of any surplus capital into Bitcoin and strive for a top 70 ranking among publicly traded companies holding the cryptocurrency.