Bitcoin News Today: Thumzup Expands Crypto Mining After $50M Raise Drives 194.5 Stock Surge

Thumzup Media Corporation, a social media marketing firm that made a strategic shift into cryptocurrency earlier this year, is significantly expanding its digital asset activities following a $50 million capital raise. The company has announced plans to invest in large-scale cryptocurrency mining and targeted blockchain projects, with part of the funding allocated to acquiring “state-of-the-art cryptocurrency mining infrastructure.” Thumzup is already in discussions with mining technology providers to accelerate deployment [1].

The firm currently holds 19.1 BTC and has received board approval to expand its crypto holdings to up to $250 million. The diversification strategy includes adding Dogecoin, Litecoin, Solana, XRP, Ether, and USDC to its portfolio. This shift reflects Thumzup’s broader ambitions in the digital asset sector and follows a significant market rally in Bitcoin, which reached a record high of $124,128 in early August 2025 [1].

Thumzup’s pivot into crypto has already driven a sharp rise in its stock price. Shares have surged nearly 194.5% year-to-date, reversing a 17% decline seen earlier in the week after the company announced a revised public offering of non-voting convertible preferred stock. Wednesday’s after-hours trading saw the stock rise 7.62% to $10.87 [1].

The company’s aggressive strategy has also drawn high-profile attention. Donald Trump Jr. purchased 350,000 shares of Thumzup in early July, according to regulatory filings, signaling confidence in the company’s direction [1].

Despite posting a $2.2 million loss on just $151 in revenue in Q1 2025, Thumzup has remained bullish on its long-term prospects in the crypto space. The company’s founder and CEO previously stated, “Thumzup is stepping up its game. We are scaling into large-scale crypto mining and strategic blockchain investments, building on our Digital Asset Treasury to seize opportunities in one of the fastest-growing sectors in the world” [1].

The move aligns with a growing trend among public companies to increase their exposure to digital assets. For instance, H100 Group, a health technology firm based in Stockholm, recently added 45.8 BTC to its holdings, bringing its total to 809.1 BTC, making it the fourth-largest Bitcoin holder in the European Union [1].

While Thumzup’s strategy remains focused on capturing value from the crypto boom, its financial performance remains a key area of interest for investors. The company previously announced that it would allocate most of its liquid assets to Bitcoin and has since added six more cryptocurrencies using proceeds from its latest capital raise [1].

Thumzup’s expansion into mining and blockchain investments marks a pivotal moment in its evolution from a social media platform to a diversified digital asset player. With a growing portfolio and increased operational scale, the company aims to leverage the momentum in the crypto market to drive long-term value creation for shareholders.

Source: [1] Thumzup to Expand Into Crypto Mining, Blockchain Investments After $50M Raise (https://cryptonews.com/news/thumzup-to-expand-into-crypto-mining/)