title: AdTech company Thumzup Media Corporation is seeking to bolster the size of its bitcoin treasury

Thumzup, which currently holds about $1.8 million worth of bitcoin, is offering $200 million in stock, warrants, and other units to investors

AdTech company Thumzup Media Corporation is aiming to increase the size of its bitcoin treasury by more than a hundredfold, according to a recent SEC filing.

AdTech company Thumzup Media Corporation is aiming to increase the size of its bitcoin treasury by more than a hundredfold, according to a recent SEC filing.

Thumzup, which currently holds around $1.8 million in bitcoin, is offering $200 million in stock, warrants, and other units to investors to enlarge its bitcoin treasury. The move is reminiscent of the Strategy-inspired plays that have been gaining momentum in recent times. The proceeds of the sales may also be used for general corporate purposes.

Thumzup, which currently holds around $1.8 million in bitcoin, is offering $200 million in stock, warrants, and other units to investors to enlarge its bitcoin treasury. The move is reminiscent of the Strategy-inspired plays that have been gaining momentum in recent times. The proceeds of the sales may also be used for general corporate purposes.

The company, which matches social media influencers with advertisers, began buying bitcoin at the beginning of the year, as per the filing. It presently owns 19.106 BTC. "As an operating business, we have primarily utilized proceeds from the financing in conjunction with our listing on Nasdaq in October 2024 to purchase bitcoin," the filing mentions.

The company, which matches social media influencers with advertisers, began buying bitcoin at the beginning of the year, as per the filing. It presently owns 19.106 BTC. "As an operating business, we have primarily utilized proceeds from the financing in conjunction with our listing on Nasdaq in October 2024 to purchase bitcoin," the filing mentions.

Thumzup's bitcoin is being held by Coinbase.

Thumzup's bitcoin is being held by Coinbase.

The company recently announced that 900 advertisers have joined its platform, in a press release that did not mention the company's treasury strategy.

The company recently announced that 900 advertisers have joined its platform, in a press release that did not mention the company's treasury strategy.

The firm, which trades as TZUP on Nasdaq with a current market capitalization of around $48.5 million, is up nearly 50% year-to-date, the period during which it has been buying bitcoin. "The next Strategy?" Strategy chief Michael Saylor asked on X, commenting on the news.

The firm, which trades as TZUP on Nasdaq with a current market capitalization of around $48.5 million, is up nearly 50% year-to-date, the period during which it has been buying bitcoin. "The next Strategy?" Strategy chief Michael Saylor asked on X, commenting on the news.

While TZUP is focused on bitcoin, DeFi Development Corporation, formerly known as Janover, has been accumulating Solana, while Japanese firm Metaplanet is aiming to create a U.S. subsidiary to fund further bitcoin purchases.

While TZUP is focused on bitcoin, DeFi Development Corporation, formerly known as Janover, has been accumulating Solana, while Japanese firm Metaplanet is aiming to create a U.S. subsidiary to fund further bitcoin purchases.

TZUP is up about 0.6% in after-hours trading, according to Yahoo! Finance data.