TLDR
- Thumzup Media raised 50 million dollars through a secondary public offering to expand its cryptocurrency operations.
- The Nasdaq-listed company plans to strengthen its treasury of XRP and other major digital assets.
- Thumzup Media will use the funds to acquire advanced mining equipment and diversify its crypto holdings.
- The company expanded its collaboration with Coinbase Prime for custody and institutional trading services.
- Thumzup Media aims to hold up to 90 percent of its liquid assets in cryptocurrencies.
Thumzup Media announced a $50 million raise to expand its cryptocurrency holdings and mining operations. The Nasdaq-listed company confirmed the completion of a secondary public offering at $10 per share. CEO Robert Steele said the funds will strengthen its treasury of XRP and other digital assets.
Thumzup Media Expands XRP Holdings
Thumzup Media plans to acquire advanced mining equipment to boost XRP accumulation. The company aims to build a diversified portfolio that includes BTC, ETH, SOL, and LTC. Steele emphasized, “Our goal is to create one of the most strategically managed digital asset treasuries.”
The company previously approved holding up to 90% of its liquid assets in cryptocurrencies. Thumzup Media also targets a $250 million portfolio, including USDC and DOGE, alongside XRP. This approach follows a trend of publicly listed firms expanding crypto reserves for long-term growth.
Thumzup Media strengthened its relationship with Coinbase Prime for custody and trading services. Coinbase Prime offers institutional-grade infrastructure, enhancing security and scalability for the company’s digital asset strategy. Ryan Ballantyne of Coinbase highlighted the platform’s role in supporting corporate crypto growth.
Mining and Treasury Diversification Strategy
Thumzup Media will use the raised capital to scale its mining operations for multiple cryptocurrencies. The company integrates BTC, ETH, SOL, LTC, and XRP into its treasury, emphasizing risk management. Steele noted, “Coinbase Prime’s infrastructure allows us to scale accumulation efficiently and securely.”
Earlier, Thumzup Media established a Bitcoin-backed credit facility with Coinbase Prime for flexible capital. This facility supports the company’s Digital Asset Treasury strategy during Bitcoin’s recent surge. The move positions Thumzup Media among firms strategically managing large crypto portfolios.
Other Trump-linked companies are also expanding into cryptocurrency. ALT5 Sigma raised $1.5 billion for World Liberty Financial Treasury Strategy, signaling continued family-affiliated investment activity. Thumzup Media follows this trend, strengthening both balance sheet and digital asset exposure.
