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Thumzup Media Files $200M Shelf Registration For Working Capital And To Further Its Bitcoin Treasury Strategy; Board Of Directors Has Authorized Thumzup To Hold Up To 90% Of Its Liquid Assets In Bitcoin Under Its BTC Reserve Strategy

Benzinga·05/05/2025 13:29:57
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Thumzup Currently Holds 19.106 BTC with a Market Value of Approximately $1.8 Million as of May 4, 2025

The Company's Board of Directors has Authorized Thumzup to Hold Up to 90% of its Liquid Assets in Bitcoin Under its BTC Reserve Strategy

LOS ANGELES, May 5, 2025 /PRNewswire/ -- Thumzup Media Corporation ("Thumzup" or the "Company") (NASDAQ:TZUP), an emerging leader in social media branding and programmatic marketing solutions, today announced that it has filed a "universal shelf" registration statement on Form S-3 with the Securities and Exchange Commission (the "SEC").

Once effective, the registration statement would allow Thumzup to raise up to an aggregate of $200,000,000 for additional working capital and to acquire additional Bitcoin ("BTC").

The Company has Board approval to implement a Bitcoin ("BTC") acquisition strategy, pursuant to which it may allocate up to 90% of its liquid assets to BTC. Under the terms of the offering, the Company would have the ability to raise capital in one or more offerings over the three years after the registration statement is declared effective by the SEC. These capital raises could include common stock, preferred stock (including in the form of depositary shares), warrants, debt securities (including convertible debt), purchase contracts, and/or units (which are typically a combination of two or more types of securities (global securities)).