title: Thumzup Media Corporation Increases Universal Shelf Registration to $500M to Support Bitcoin (BTC) Reserve Strategy

Thumzup Media (NYSE: THMZ) has filed an amendment with the SEC to its universal shelf registration, expanding the potential total offering amount from $200 million to $500 million.

Thumzup Media (NYSE: THMZ) has filed an amendment with the SEC to its universal shelf registration, expanding the potential total offering amount from $200 million to $500 million.

The amended Form S-3, originally filed in December 2022, would grant Thumzup the ability to raise up to half a billion dollars over the next three years through the issuance of various securities, including common stock, preferred stock, warrants, debt securities, and other instruments. The shelf registration is not yet effective.

The company’s board has previously authorized allocating up to 90% of its liquid assets to Bitcoin (BTC) as part of its treasury strategy.

The company’s board has previously authorized allocating up to 90% of its liquid assets to Bitcoin (BTC) as part of its treasury strategy.

According to CEO Robert Steele, the move reflects increasing institutional confidence in Bitcoin, as well as the recent approval of spot Bitcoin ETFs in the U.S.

“We believe that holding a portion of our treasury in Bitcoin will allow us to diversify our assets, hedge against inflation, and generate potential returns over the long term,” Steele said in a statement last year.

Thumzup began buying Bitcoin in 2023 with the goal of allocating up to $1 million of its own capital to the digital asset.

Thumzup began buying Bitcoin in 2023 with the goal of allocating up to $1 million of its own capital to the digital asset.

The company is aiming to capitalize on the growing trend of corporations adopting Bitcoin as part of their reserve management strategies.

The company is aiming to capitalize on the growing trend of corporations adopting Bitcoin as part of their reserve management strategies.

Thumzup operates a platform that helps brands compensate users for promoting them on social media platforms like Venmo and PayPal. The company says the expanded shelf registration provides added flexibility as it scales operations and continues to explore digital asset strategies.

Any future capital raise under this shelf registration will be subject to SEC approval and will be described in more detail in a prospectus supplement filed by the company at the time of offering.