200 Million Dollar Bitcoin Move from US Company: Official Application Submitted to SEC! - Coin Bulletin

Koinbulteni · 2025-05-03T08:07:00+00:00

Thumzup Media Corporation plans to add Bitcoin to its reserves after securing $200 million in funding through a formal application to the US Securities and Exchange Commission (SEC). CEO Robert Steele announced the intention to use a significant portion of the proceeds from the sale for general corporate expenses and specifically for purchasing Bitcoin. The company aims to start sales transactions soon after the financing is secured, as stated in the documents submitted to the SEC. The company is also being represented by the New York-based law firm Sichenzia Ross Ference Carmel LLP. Thumzup Media Corporation is classified as a smaller reporting company and an emerging growth company in the application.

Koinbulteni

2025-05-03 08:07:00

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Thumzup Media Corporation announced that it plans to add Bitcoin to its company reserves after a $200 million funding following its official application to the SEC (SEC).

The Culver City-based social media marketing company Thumzup Media Corporation in California, USA, has submitted a Form S-3 registration statement to the SEC. According to the application, the company aims to sell various securities such as common stocks, warrants, units, and rights, up to a total of 200 million dollars. Thumzup Media clearly stated that a large portion of the revenue from this sale will be evaluated for general corporate expenses as well as specifically for Bitcoin purchases.

In the documents submitted to the SEC with the signature of the company’s CEO Robert Steele, it was stated that the sales transactions would begin as soon as possible after the aforementioned funding is secured. Additionally, the company’s legal advisory is provided by the New York-based law firm Sichenzia Ross Ference Carmel LLP. The application also highlighted the detail that Thumzup Media Corporation is defined as a smaller reporting company (smaller reporting company) and a newly emerging company (emerging growth company).

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