Thumzup Media Corp Expands Cryptocurrency Strategy

Thumzup Media Corp, an American company listed on the Nasdaq, has recently made significant moves to expand its cryptocurrency strategy beyond Bitcoin. The company, known for its operations in the digital asset accumulation and advertising industry, has received board approval to diversify its holdings into additional leading cryptocurrencies.

On July 9, 2025, multiple sources confirmed that Thumzup Media’s board has approved the accumulation of cryptocurrencies such as Dogecoin (DOGE), Litecoin (LITE), Solana (SOL), Ripple (XRP), Ether (ETH), and USD Coin (USDC). This strategic expansion aims to enhance the company’s digital asset portfolio, which currently includes 19,106 BTC valued at approximately $2.1 million.

The decision to broaden its cryptocurrency holdings reflects Thumzup Media’s commitment to becoming a leader in crypto asset strategies. The company’s move is seen as a response to the growing interest and potential in various cryptocurrencies beyond Bitcoin.

In addition to its cryptocurrency strategy expansion, Thumzup Media Corp announced the closing of a $6.5 million registered direct offering of Series C Preferred Stock on July 7, 2025. The offering involved the sale and purchase of 108,333 shares at $60.00 per share, equivalent to $6.00 per share of common stock. This financial maneuver is part of the company’s efforts to strengthen its capital base and support its strategic initiatives.

Despite these positive developments, Thumzup Media Corp faces challenges, as indicated by its negative price-to-earnings ratio of -15.46 and a market capitalization of $89,810,000. The company’s stock closed at $12.36 on July 7, 2025, with a 52-week high of $13.44 and a low of $2.02.

Furthermore, Thumzup Media has filed to sell 3.25 million shares of common stock for holders, a move that could potentially impact its stock price and shareholder value.

Overall, Thumzup Media Corp’s recent strategic decisions highlight its proactive approach to navigating the dynamic cryptocurrency market and its efforts to capitalize on emerging opportunities in the digital asset space.