Thumzup Media Corporation announced it has filed a 'universal shelf' registration statement on Form S-3 with the Securities and Exchange Commission (SEC). Once effective, this statement will allow Thumzup to raise up to an aggregate of $200 million.
The capital raised is intended for additional working capital and to acquire more Bitcoin (BTC). The company's Board of Directors has authorized a Bitcoin acquisition strategy, permitting the allocation of up to 90% of its liquid assets to BTC.
As of May 4, 2025, Thumzup currently holds 19.106 BTC, with a market value of approximately $1.8 million. This shelf registration provides greater flexibility to raise capital over the next three years, utilizing various securities as needed.
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