Thumzup is planning a $50 million initial public offering (IPO), with the net proceeds intended to accumulate cryptocurrency and mining equipment.

August 11th. Thumzup Media Corporation (Nasdaq: TZUP) announced today the pricing of its covertly marketed common stock public offering. Alongside this, there is a common stock alternative for certain investors - pre-funded warrants to subscribe for its common stock, with a public offering price set at $10 per share. The company anticipates receiving gross proceeds of $46.5 million from this offering, prior to deducting underwriting discounts and other offering expenses. The offering is expected to close around August 12th, 2025, contingent upon the usual closing conditions. The company intends to utilize the net proceeds from this offering for the exploration of cryptocurrency and the accumulation of mining equipment, as well as for working capital and general corporate purposes. BlockBeats Note: In July 2025, Donald Trump Jr., the son of the former president, disclosed that he had purchased 350,000 shares of Thumzup, which was worth approximately $3.3 million to $4.3 million based on a recommendation from an investment advisor. He holds no operational or advisory position within the company and merely serves as a shareholder.