Thumzup Media Increases Bitcoin Acquisition Potential with $500 Million SEC Filing

By: en coinotag|2025/05/07 01:00:06
0
Share
copy
Thumzup Media Corporation , a Nasdaq-listed entity, has officially filed an amended Form S-3 document with the U.S. Securities and Exchange Commission (SEC) on May 7th. This revised filing aims to amplify the maximum aggregate offering amount from $200 million to an impressive $500 million . Upon the effective date of this registration, Thumzup plans to leverage the enhanced capital to bolster its operating budget and further its strategy in acquiring Bitcoin (BTC) . The board has sanctioned a substantial strategy where up to 90% of its liquid assets may be funneled into BTC as part of an advanced treasury management approach. The amended offering allows the company to secure financing through various mechanisms over a three-year timeframe, which includes instruments such as common stock, preferred stock, debt securities, and warrants.

You may also like

Popular coins

Latest Crypto News

Read more