Donald Trump Jr., already deeply embedded in the crypto ecosystem, has divested a portion of his stake in Thumzup Media Corporation just as the company shifts gears toward large-scale Bitcoin mining and a diversified digital asset treasury. This move marks a critical milestone in the intersection of political influence and emerging crypto infrastructure.
Thumzup Raises $50 Million to Fund Crypto Mining and Treasury Expansion
Thumzup Media, once known for social media marketing, successfully secured $50 million through a secondary stock offering at $10 per share. The capital empowers Thumzup to deploy robust Bitcoin mining infrastructure and invest in high-performing digital assets. This expansion demonstrates the firm’s transition from passive holdings to proactive crypto operations.
Strategic Multi-Asset Treasury Targets BTC, ETH, SOL, XRP, and More
Approved by the board, the new allocation strategy expands beyond Bitcoin. Thumzup now aims to acquire significant positions in Ethereum, Solana, XRP, Litecoin, Dogecoin, and USDC—forming a diversified crypto treasury backed by sustainable mining revenue.
Active Mining Infrastructure: Energy-Efficient and Scalable
Utilizing the raised capital, Thumzup will engage with industry-leading mining technology partners to establish energy-efficient, large-scale Bitcoin mining rigs across the U.S. The objective is to reduce production costs and bolster long-term profitability amid escalating competition.
Trump Jr.’s Stake Sale: A Timing Move Amid Crypto Momentum
Donald Trump Jr. sold approximately 350,000 shares during Thumzup’s secondary offering, emerging as the largest individual seller in a deal expected to net the company about $46.5 million. His exit coincides strategically with Thumzup’s pivot, aligning public interest and investment timing.
Coinciding Crypto Market Surge: Bitcoin Nears $125,000
Thumzup’s expansion comes at a time when Bitcoin achieved a record peak of $124,128, briefly topping $125,000. The firm’s new crypto and mining strategy aligns with this bullish momentum in the broader digital asset market.
Overview Table of Key Metrics
| Metric | Details |
|---|---|
| Funds Raised | $50 million via public offering at $10/share |
| Trading Strategy | Mining infrastructure and token treasury |
| Target Cryptocurrencies | BTC, ETH, SOL, XRP, DOGE, LTC, USDC |
| Trump Jr.’s Stake Sold | ~350,000 shares; ~$46.5M net proceeds |
| Market Context | Bitcoin near $125K; rising institutional interest |
Why This Coverage Stands Out
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Comprehensive Insight: Presents all angles—funding, treasury strategy, mining setup, market context, and Trump Jr.’s position—so readers don’t need other sources.
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