Thumzup submits S-3 sign up statement, intending to issue up to 500 million dollars in securities to acquire Bitcoin.

According to Wu, Thumzup Media Corporation submitted an S-3 registration statement to the SEC, proposing to issue up to $500 million of common stock, warrants, units, or equity securities on an intermittent basis through this mechanism. The net proceeds from the fundraising are intended for general corporate purposes, including the purchase of Bitcoin as a primary reserve asset and working capital needs. Previously, Thumzup submitted an S-3 registration statement to issue up to $200 million of securities to acquire Bitcoin.