Thumzup Recently Filed a Shelf Registration Statement to Raise Up to $500 Million

Thumzup Media Corporation (Nasdaq: TZUP) announced the expansion of its capital strategy with a Bitcoin (BTC)-backed credit facility from Coinbase Prime (Nasdaq: COIN).

As part of its broader BTC Reserve Strategy, which was previously disclosed in December 2024, Thumzup is now planning to hold up to 90% of its liquid assets in Bitcoin.

The company currently holds 19.106 BTC, valued at approximately $2.0 million as of May 12, 2025. Thumzup is utilizing Coinbase Prime as its custodian and prime broker.

“We are proud to expand our relationship with Coinbase through their Bitcoin-collateralized lending program as part of our broader strategic approach to capital management,” said Robert Steele, CEO of Thumzup.

“We believe that Coinbase's addition to the S&P 500 marks a significant milestone for the entire crypto industry—Coinbase's trailblazing journey brought BTC and other tokens into the mainstream. We are also pleased to see Coinbase expanding its offerings to include products and services that can be leveraged by companies like Thumzup.”

The company is planning to accelerate its Bitcoin acquisition strategy. It is also pivoting its capital structure to be less reliant on equity.

The company's Board of Directors previously authorized Thumzup to hold up to 90% of its liquid assets in Bitcoin, and it plans to keep a minimum of 10% of its liquid assets in U.S. dollars in a fully disclosed money market account to ensure that it can meet its operational needs.

The company further highlighted that it is focused on maximizing shareholder value.

“With a clean cap structure, we believe Thumzup is optimally positioned to accelerate its BTC Acquisition Strategy and create significant shareholder value,” Steele concluded.

About Thumzup®

Thumzup Media Corporation (Nasdaq: TZUP) is democratizing the multi-billion dollar social media branding and marketing industry. Its flagship product, the Thumzup platform, utilizes a robust programmatic advertiser dashboard coupled with a consumer-facing App to enable individuals to get paid cash for posting about participating advertisers on major social media outlets through the Thumzup App. The easy-to-use dashboard allows advertisers to programmatically customize their campaigns. Cash payments are made to App users/creators through PayPal and other digital payment systems.

The Thumzup app is available for download on the App Store and Google Play.

Thumzup was featured on CBS Los Angeles and in KTLA.

This press release contains certain "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These include, without limitation, statements about its potential growth, impacts on the advertising industry, plans for potential uplisting, and planned expansion. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although the Company believes that its plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, it can give no assurances that these plans, objectives, expectations or intentions will be achieved.

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