Thumzup Media Raises $50 Million To Go All In On Crypto Expansion

Mentioned:

A public company on the Nasdaq has just raised a large round of fresh funding. And they’re planning to use it to ramp up their bet on digital assets.

What’s happening:

Thumzup Media (NASDAQ: TZUP) has successfully raised $50M USD in a new equity financing round
The new funding round was led by Dominari Securities

Why it matters:‍

Thumzup Media has publicly stated that the new growth capital will go towards accumulating more cryptocurrency and also to expand into purchasing hardware for the purpose of mining digital assets for the first time ever

Going deeper:‍

Thumzup Media currently holds Bitcoin directly as an asset and has publicly stated they plan to begin accumulating up to $250M USD of other digital assets, including Dogecoin and Ethereum
Dominari Securities has led the last two financing rounds for Thumzup Media, which notably follows their participation in the $200M USD capital raise for Eric Trump and Donald Trump Jr’s Bitcoin mining company American Bitcoin

Disclaimer

The New Money provides background information on early stage companies from publicly available sources. The New Money provides no advice on dealing in securities, is not a financial adviser and does not pretend to be so. This message is meant for information and educational purposes only. The information contained in this article is not to be considered factual or complete. Anybody interested in obtaining financial and other information on companies mentioned is advised to get it direct from the companies, or from their own investment adviser. The New Money does not intend for this information to be used to inform an investment decision.

The New Money has been compensated by Datacentrex for a media campaign, which affects our ability to be unbiased. The Principals of The New Money may buy or sell shares of the company without further notice. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities. The New Money and its principals and agents are not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Always do your own research and consult with a licensed investment professional before making an investment.

This communication should not be used as a basis for making any investment. Investing is inherently risky. While a potential for rewards exists, by investing, you are putting yourself at risk. You must be aware of the risks and be willing to accept them in order to invest in any type of security. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy or Sell securities. No representation is being made that any stock trade will or is likely to achieve profits. Comparisons made to other featured companies or past performance is not indicative of future results.