Thumzup Media Expands Coinbase Partnership, Boosts Cryptocurrency Holdings

Thumzup Media Corporation has expanded its strategic relationship with Coinbase to accelerate cryptocurrency accumulation. Coinbase Prime will serve as Thumzup's custodian and prime broker, providing institutional-grade trading and financing solutions. Thumzup recently closed a $50 million offering to diversify its cryptocurrency holdings and acquire mining rigs. The company is authorized to hold up to 90% of its liquid assets in cryptocurrencies.

Thumzup Media Corporation (Nasdaq: TZUP) has announced the expansion of its strategic relationship with Coinbase (Nasdaq: COIN) to accelerate cryptocurrency accumulation. Under the agreement, Coinbase Prime will continue to serve as Thumzup's custodian and prime broker, providing institutional-grade trading and financing solutions backed by NYDFS-qualified custody [1].

Thumzup recently closed a $50 million offering at $10 per share, with proceeds earmarked to diversify its cryptocurrency holdings and acquire state-of-the-art mining rigs while preserving a shareholder-friendly capitalization structure [1]. Additionally, in May 2025, Thumzup established a Bitcoin ("BTC")-backed credit facility with Coinbase Prime, providing the company with flexible, non-dilutive capital to support its Digital Asset Treasury ("DAT") strategy [1].

Thumzup is authorized to hold up to 90% of its liquid assets in cryptocurrencies, reflecting one of the most aggressive and forward-looking allocation policies among publicly traded companies [1]. This move underscores the company's commitment to building a strategically managed and growth-focused digital asset treasury.

Robert Steele, CEO of Thumzup Media Corporation, stated, "Expanding our collaboration with Coinbase Prime reinforces our commitment to building one of the most strategically managed and growth-focused digital asset treasuries in the public markets. Coinbase Prime's institutional infrastructure and expertise provide an unparalleled platform for execution as we scale both our crypto accumulation and mining operations" [1].

Ryan Ballantyne, Head of Corporate Client Strategy at Coinbase, added, "Our mission is to help institutions scale their crypto strategies with best-in-class infrastructure, combining military-grade security with world-class custody to power the next iteration of finance operations. We're proud to power Thumzup Media Corporation's expansion in crypto accumulation and mining with our purpose-built platform - delivering secure, trusted custody as they scale their digital asset capabilities" [1].

References:
[1] https://www.morningstar.com/news/pr-newswire/20250813la49621/thumzup-media-corporation-expands-strategic-relationship-with-coinbase-to-accelerate-cryptocurrency-accumulation