Thumzup Media Corporation plans to raise $46.5 million to purchase cryptocurrencies and mining equipment

According to Odaily Planet Daily, Thumzup Media Corporation, a Nasdaq-listed company in which Donald Trump Jr., the eldest son of President Donald Trump, holds cryptocurrency reserves, announced the issuance of pre-funded warrants in lieu of common stock to certain investors at a public offering price of $10 per share. The company expects to raise $46.5 million in total. The transaction is expected to close on or about August 12, 2025, subject to customary closing conditions. The company intends to use the net proceeds from the offering for the purchase of cryptocurrency and mining equipment, working capital, and general corporate purposes. (PRNewswire)