Thumzup Media Corporation (NASDAQ: TZUP) Files Form S-3 to Offer up to $200M of Common Stock, Preferred Stock, Warrants Units

Thumzup Media Corporation (NASDAQ: TZUP), a Los Angeles-based Software-as-a-Service (SaaS) company focused on social media marketing and advertising, filed Form S-3 with the United States Securities and Exchange Commission (SEC) to offer up to $200 million.

Thumzup Media Corporation (NASDAQ:TZUP) filed Form S-3 with the U.S. Securities and Exchange Commission on Monday to offer up to $200 million in common stock, preferred stock, warrants units, or a combination of the securities. The Los Angeles, California-based Software-as-a-Service (SaaS) company, focused on social media marketing and advertising, announced that it may also partakes in one or more offerings.

"Unless otherwise indicated in a prospectus supplement, we intend to use the net proceeds from the sale of securities under this prospectus for general corporate purposes, including for the purchase of Bitcoin as our primary reserve asset," the company stated.

Notably, Thumzup adopted Bitcoin as its treasury reserve and has since accumulated around 29 BTCs. In the long haul, Thumzup intends to hold up to 90 percent of its surplus in Bitcoin. Moreover, the company is determined to rank among the top 70 publicly traded companies holding Bitcoin.

Impact on Bitcoin Price Action

Around 190 entities, primarily public companies, collectively hold over 3.26 million BTCs, according to data compiled by BitcoinTreasuries. The entry of nation-states into the Bitcoin market has fueled the cryptocurrency's adoption among institutional investors seeking to mitigate macroeconomic instability and high inflation.

Despite the recent macroeconomic downturn, Bitcoin price is poised for a parabolic rally, closely tracking the global money supply (M2) and gold in its trajectory. This rally is being driven by strong demand for Bitcoin.

Technical analysis indicates that BTC price is on track to hit a new all-time high by the end of the second quarter of 2025. As of Monday afternoon trading, BTC price is currently at $46,040.65.