Thumzup Media Corporation plans to raise $46.5 million to purchase cryptocurrency and mining equipment

ChainCatcher news, according to PR Newswire, Thumzup Media Corporation, a Nasdaq-listed company in which Donald Trump Jr. has invested and holds cryptocurrency reserves, announced a public offering price of $10 per share to issue pre-funded warrants to certain investors in lieu of common stock, with a total fundraising amount expected to be $46.5 million. The transaction is expected to be completed around August 12, 2025, subject to customary closing conditions.

The company intends to use the net proceeds from this offering to purchase cryptocurrencies and mining equipment, for working capital, and for general corporate purposes.