Nasdaq Listed Company Plans To Buy $200 Million Worth of Bitcoin
Nasdaq-listed company has filed a shelf registration statement (Form S-3) with the U.S. Securities and Exchange Commission (SEC), signaling its intent to raise up to $200 million through the issuance of common stock, warrants, units, or rights.
According to the filing, Thumzup Media Corporation plans to use the proceeds for general corporate purposes, which notably include purchasing BTC as a reserve asset—a growing trend among public companies seeking inflation-resistant stores of value.
Bitcoin as a Treasury Strategy
Thumzup’s decision follows a broader institutional movement led by firms like MicroStrategy and Semler Scientific, which have shifted portions of their corporate treasuries into Bitcoin. The company also plans to use funds to support daily working capital needs, further integrating crypto into its core financial strategy.
If approved and fully executed, this capital raise could position Thumzup among the few publicly traded firms that actively hold Bitcoin on their balance sheets, potentially attracting crypto-aligned investors and institutional interest.
The registration remains subject to SEC review and market conditions, and no specific timeline for issuance has been disclosed.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
