Nasdaq-listed company Thumzup plans to raise its fundraising limit from $200 million to $500 million to buy Bitcoin

PANews reported on May 7 that Thumzup Media Corporation (NASDAQ: TZUP), a Nasdaq-listed company, announced that it would increase its financing registration quota from $200 million to $500 million, preparing to raise more funds through the issuance of stocks and bonds in the next three years. The company currently holds 19.106 bitcoins (about $1.8 million) and plans to invest up to 90% of its liquid assets in bitcoin to further strengthen its digital asset strategy. No securities have been sold yet, and the specific financing plan will be announced separately.

Earlier news, Nasdaq-listed company Thumzup submitted an S-3 registration statement, intending to issue up to US$200 million in securities and acquire Bitcoin .