The listed company Thumzup plans to raise up to $200 million, with the purpose including the purchase of BTC

ChainCatcher news, according to documents from the U.S. Securities and Exchange Commission (SEC), Nasdaq-listed Thumzup Media Corporation has submitted an S-3 registration statement to the SEC, planning to raise up to $200 million through the issuance of common stock, preferred stock, warrants, and unit securities.

The documents indicate that Thumzup plans to use the raised funds for general corporate purposes, including purchasing Bitcoin as a primary reserve asset and for operating capital. As of March 31, 2025, the company holds approximately 19.106 Bitcoin.