Thumzup Media Doubles Down on Bitcoin Investments, Raises Capital Up to $500 Million

Thumzup Media Corporation has significantly increased its commitment to Bitcoin, raising its maximum issuance amount from $200 million to $500 million in its updated Form S-3 registration statement filed with the SEC. This strategic move will allow Thumzup to raise up to $500 million through various capital-raising methods over a three-year period. The company intends to utilize these funds primarily for general corporate purposes, working capital, and for acquiring Bitcoin (BTC) as part of its core treasury reserve strategy.