Thumzup Media Corporation has recently filed an amendment to its universal shelf registration with the U.S. Securities and Exchange Commission (SEC), increasing the potential total offering amount from $200 million to $500 million. This move is designed to support the company’s working capital needs and further its strategic Bitcoin reserve allocation.

Thumzup’s Amended Filing: What It Means

The amended Form S-3 filing grants Thumzup the ability to raise up to $500 million over the next three years. The funds could be raised through various securities, including common stock, preferred stock, warrants, debt securities, and other instruments. It is important to note that this registration is not yet effective, and no securities are being offered at this time.

Thumzup’s Bitcoin Reserve Strategy

As of May 5, 2025, Thumzup holds 19.106 BTC, valued at approximately $1.8 million. The company’s board has previously approved a treasury strategy that allows up to 90% of its liquid assets to be allocated to Bitcoin. This move underscores the growing institutional confidence in Bitcoin as a viable store of value.

According to CEO Robert Steele, the decision to expand Bitcoin reserves is influenced by broader market developments, including the introduction of spot Bitcoin ETFs in the U.S. Steele emphasized that Bitcoin’s finite supply and resistance to inflation make it an attractive asset for corporate treasuries.

A Growing Trend Among Public Companies

Thumzup officially entered the cryptocurrency space last year with plans to allocate up to $1 million to Bitcoin. The company believes that Bitcoin’s characteristics align well with long-term value preservation, making it a strategic fit for its reserve management.

This move places Thumzup among a growing number of public companies adopting Bitcoin as part of their financial strategies. By integrating Bitcoin into their reserves, these firms aim to hedge against inflation while diversifying their asset holdings.

Thumzup’s Core Business and Expansion Plans

Based in Los Angeles, Thumzup operates a platform designed to help brands compensate users for promoting their products and services on social media platforms such as Venmo and PayPal. The company’s expanded shelf registration aims to provide additional flexibility as it scales operations and explores further opportunities in the digital asset space.

Key Points for Investors

  • Thumzup’s amended registration could enable the company to raise up to $500 million over the next three years.
  • The company remains committed to its Bitcoin reserve strategy, currently holding 19.106 BTC.
  • The board has authorized allocating up to 90% of liquid assets to Bitcoin, reflecting confidence in its long-term value.
  • The expanded registration aims to support working capital needs and business growth.

Any future capital raised under this registration will require SEC approval and will be detailed in a prospectus supplement at the time of the offering.

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