Trump Jr.-Tied Firm Gets $50M for Crypto Buys, Mining Rigs
Thumzup Media Corporation, a social media marketing-turned-crypto-buying firm, plans to boost its crypto holdings and get into crypto mining after raising $50 million from investors.
Thumzup said on Wednesday that it would expand its crypto-related strategy “to include large-scale cryptocurrency mining and targeted blockchain investments.”
The company said it will use some of the $50 million it raised from a $10 per share offering on Tuesday into “state-of-the-art cryptocurrency mining infrastructure” and was engaging with mining technology providers “to accelerate the buildout.”
The firm currently holds 19.1 Bitcoin (BTC) after buying it for the first time in early January, joining a trend of public companies that have bought…
