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Thumzup Media applied to the SEC for a $200 million securities issuance, intending to purchase Bitcoin as a reserve asset.
According to Gate.io News bot, Thumzup Media Corporation has submitted an S-3 registration statement to the U.S. Securities and Exchange Commission (SEC). The company plans to issue various securities totaling no more than $200 million, including common stock, warrants, units, and rights.
The funds raised will be used for general corporate purposes, including the purchase of Bitcoin as a primary reserve asset and to supplement working capital.