Thumzup invests $50M in crypto and Bitcoin mining

Thumzup Media Corporation, once focused on social marketing, has announced an ambitious expansion into cryptocurrency. After raising $50 million from investors, the firm will boost its digital asset holdings and launch large-scale Bitcoin mining operations.

Strategy covers mining and blockchain projects

The company said part of the proceeds from its $10 per share offering will go toward purchasing cutting-edge mining infrastructure. Thumzup is already in talks with mining technology suppliers to speed up deployment.

Currently, the firm holds 19.1 BTC, acquired in January 2025, joining the wave of public companies seeking to lift their market value through crypto assets.

Trump family ties and Bitcoin’s rally

Donald Trump Jr., son of the US President, purchased 350,000 Thumzup shares worth nearly $3.3 million. This deepens the Trump family’s long-standing interest in the crypto industry.

The move comes as Bitcoin surged past $124,000, approaching $125,000. According to CoinGecko, it reached $124,128 before cooling slightly to $123,683.

Other assets and global BTC accumulation

Beyond Bitcoin, Thumzup plans to acquire Dogecoin, Litecoin, Solana, XRP, Ether, and USDC. Its board has approved holding up to $250 million worth of crypto.

Meanwhile, Sweden’s H100 Group boosted its reserves by 45.8 BTC, bringing its total to 809.1 BTC. This ranks it fourth in the EU and 42nd globally among public companies in Bitcoin holdings.