Bitcoin News Today: Thumzup Secures $50M to Scale Crypto Mining and Digital Assets

Thumzup Media Corporation, a publicly traded firm backed by Donald Trump Jr., has secured $50 million in new funding to accelerate its expansion into the cryptocurrency sector. The financing was raised through a $10-per-share offering completed on Tuesday and will be used to scale Bitcoin mining operations and expand the company’s digital asset portfolio. The capital injection signals a major pivot for the firm, which was previously focused on social media marketing but has now positioned itself as a key player in the crypto economy [1].

The company currently holds 19.1 Bitcoin, valued at approximately $2.36 million, and has plans to diversify its holdings to include Dogecoin, Litecoin, Solana, XRP, Ether, and USDC. Thumzup’s board has authorized up to $250 million in digital asset investments, reflecting a long-term commitment to the space. The firm has also entered into preliminary discussions with mining technology providers to fast-track the deployment of advanced mining infrastructure [2].

Trump Jr.’s involvement in the company has grown significantly over the past year. Earlier this year, he acquired 350,000 shares of Thumzup at nearly $9.5 per share, amounting to roughly $3.3 million, according to a July regulatory filing. His increasing stake in the company aligns with the Trump family’s broader interest in digital assets and signals a strategic bet on the long-term potential of the crypto market [3].

The funding announcement comes at a time of strong market momentum for cryptocurrencies. Bitcoin reached an all-time high of $124,128 early on Thursday, with the asset closing the previous 24-hour period with a 3.6% gain. Thumzup’s shares (NASDAQ: TZUP) responded positively to the news, rising 6.73% in after-hours trading on Wednesday following a 1.1% decline during regular market hours [4].

The move reflects a broader trend of publicly listed companies increasing their exposure to digital assets. This strategy is often used to enhance shareholder value, particularly in markets where crypto prices are volatile but trending upward. Thumzup’s decision to allocate significant capital to Bitcoin and other major cryptos, while also investing in mining infrastructure, suggests a balanced approach that combines speculative growth with operational stability [5].

Analysts note that the $50 million raise demonstrates investor confidence in the company’s vision and the broader crypto sector. While the company has not provided specific financial projections, the scale of the funding and the level of public interest generated suggest a strong foundation for future growth. The timing of the raise—amid a period of historic price appreciation for Bitcoin—further reinforces the strategic nature of the move.

As Thumzup moves forward with its expansion, the company’s performance in deploying the new capital and scaling its mining operations will be closely watched by investors and industry observers. The Trump Jr.-backed venture has now taken a definitive step into the world of crypto, positioning itself at the intersection of high-profile influence and digital asset innovation [1].

Source:

[1] CoinCentral - [https://coincentral.com/trump-jr-sells-big-as-thumzup-dives-into-crypto-mining-with-50m-boost/](https://coincentral.com/trump-jr-sells-big-as-thumzup-dives-into-crypto-mining-with-50m-boost/)

[2] The - [https://www.cryptotimes.io/2025/08/14/trump-jr-backed-thumzup-secures-50m-for-crypto-expansion/](https://www.cryptotimes.io/2025/08/14/trump-jr-backed-thumzup-secures-50m-for-crypto-expansion/)

[3] Blockonomi - [https://blockonomi.com/thumzup-banks-50m-for-bitcoin-ethereum-and-solana-in-new-crypto-mining-push/](https://blockonomi.com/thumzup-banks-50m-for-bitcoin-ethereum-and-solana-in-new-crypto-mining-push/)

[4] The - [https://www.cryptotimes.io/2025/08/14/ark-invest-buys-172-million-bullish-stock-after-83-8-surge/](https://www.cryptotimes.io/2025/08/14/ark-invest-buys-172-million-bullish-stock-after-83-8-surge/)

[5] CoinCentral - [https://coincentral.com/](https://coincentral.com/)