Thumzup Media Corporation, once focused on social media marketing, is accelerating its shift into the cryptocurrency space after securing $50 million from investors.
The company announced Wednesday that it will channel part of the funding into large-scale Bitcoin mining and strategic blockchain investments.
The capital raise came through a $10-per-share offering completed on Tuesday. Thumzup said it is already in talks with leading mining technology providers to acquire “state-of-the-art cryptocurrency mining infrastructure” and speed up its operational rollout.
Thumzup is stepping up its game. We are scaling into large-scale #crypto mining and strategic #blockchain investments, building on our Digital Asset Treasury to seize opportunities in one of the fastest-growing sectors in the world.
Read the press release:… pic.twitter.com/djtFmWo2MC
— Thumzup Media Corporation (@thumz_up) August 13, 2025
The company, which first entered the crypto market in January, now holds 19.1 BTC — valued at roughly $121,730 per Bitcoin — joining a growing list of public firms adding digital assets to their balance sheets to boost market value. Its board has also authorized crypto purchases of up to $250 million, with plans to diversify into Dogecoin, Litecoin, Solana, XRP, Ether, and USDC.
Regulatory filings from early July revealed that Donald Trump Jr., son of U.S. President Donald Trump, purchased 350,000 shares in Thumzup, then worth about $3.3 million. The move adds to the Trump family’s expanding footprint in the digital asset sector.
Thumzup’s aggressive buying plans echo similar moves by other corporate players. On Wednesday, Stockholm-based health tech company H100 Group disclosed the purchase of 45.8 BTC for about $5.47 million, averaging under 1.14 million Swedish krona ($119,090) per coin.
The acquisition lifts H100’s total holdings to 809.1 BTC, placing it as the 42nd largest Bitcoin holder among publicly traded firms globally and the fourth largest in the European Union — behind Germany’s Bitcoin Group SE, which holds 3,605 BTC, according to BitcoinTreasuries.NET.
Additionally, H100 Group AB secured approximately SEK 65.3 million ($6.2 million) through a directed share issue aimed at advancing its Bitcoin Treasury Strategy and strengthening capital flexibility.
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