Contemplating a Bitcoin venture worth $200M? Could Thumzup be the next step?
LA-Based SaaS Firm, Thumzup Media, Jumps into Bitcoin Reserve Asset Pool
Get ready for some bold moves! Thumzup Media Corporation, a SaaS powerhouse hailing from LA, has taken a daring leap by adopting Bitcoin as their primary treasury reserve.
Last week, they filed a Form S-3 with the Securities and Exchange Commission (SEC), expressing their ambition to raise up to $200 million through the issuance of common stock, preferred stock, and warrant units. The bulk of these funds will be channeled towards beefing up their Bitcoin reserves.
As of now, Thumzup happens to own around 19.106 Bitcoins, and their plans? To accumulate a whole lot more! According to their announcements, they aim to invest up to 90% of their excess capital into Bitcoin over the long haul.
Joining the ranks of visionary companies that have embraced Bitcoin as a safeguard against inflation and market volatility, Thumzup seeks to emulate the path pioneered by MicroStrategy.
Michael Saylor, the founder of MicroStrategy, lauded this move by saying, "they've got 19 BTC now... soon thousands. The next MicroStrategy?"
By jumping on the Bitcoin bandwagon, Thumzup intends to secure a spot among the top 70 listed companies that boast Bitcoin on their balance sheets. This ambitious move is part of a sweeping market trend, where businesses and institutional investors increasingly view Bitcoin as a secure vault for value and a substitute for traditional fiat reserves.
A piece of evidence supporting this trend comes from Saylor, who shared a chart illustrating MicroStrategy's (MSTR) Open Interest/Market Cap ratio, which stands at a staggering 88.7%. This figure outshines that of Tesla (28.6%) and other tech heavyweights like Meta, Nvidia, and Microsoft, highlighting the profound impact Bitcoin-centric strategies are having on market dynamics and investor interest in firms with substantial BTC exposure.
So, keep a close eye on Thumzup Media Corporation! They're making headlines and setting a precedent by solidifying their commitment to the cryptocurrency market. Also, don't forget to check out - "Michael Saylor's MicroStrategy Plans an $84 Billion Bitcoin Investment".
Bonus Insight: Other companies have also adopted Bitcoin or cryptocurrencies as part of their treasury strategy. MicroStrategy, for instance, has built one of the largest corporate Bitcoin reserves, amassing approximately 528,185 BTC as of early 2025. While not exclusively using Bitcoin as a core treasury reserve, other companies like Tesla, Block (formerly Square, Inc.), and Marathon Digital Holdings have also invested in Bitcoin, holding significant amounts (around 11,509 BTC for Tesla, approximately 8,485 BTC for Block, and about 47,531 BTC for Marathon Digital Holdings).
- Thumzup Media Corporation, based in LA, has taken a bold step by adopting Bitcoin as their primary treasury reserve and aiming to raise up to $200 million through securities offerings to invest in thousands more Bitcoins.
- In filing a Form S-3 with the Securities and Exchange Commission (SEC), Thumzup seeks to join the ranks of companies like MicroStrategy, which have adopted Bitcoin as a safeguard against inflation and market volatility.
- By emulating MicroStrategy's Bitcoin-centric strategy, Thumzup Media intends to secure a spot among the top 70 listed companies that boast Bitcoin on their balance sheets.
- According to Michael Saylor, founder of MicroStrategy, Thumzup's move to invest in Bitcoin could position them as the next major player in the space, similar to MicroStrategy's substantial Bitcoin reserve of about 528,185 BTC. Other companies have followed suit, like Tesla, Block, and Marathon Digital Holdings, which hold significant Bitcoin investments as part of their treasury strategies.
