Thumzup Raises $50 Million to Fuel Crypto Mining and Portfolio Expansion

Thumzup Media has secured a substantial $50 million investment to accelerate its entry into large-scale cryptocurrency mining and expand its portfolio beyond its existing Bitcoin holdings. This funding, obtained through a $10-per-share offering completed on Tuesday, will allow the company to significantly increase its crypto investments, with plans to diversify into six other major digital assets alongside Bitcoin. The company’s stock price has surged by 194.5% year-to-date, propelled by this strategic shift towards cryptocurrency despite reporting early-year losses.