Thumzup Media Corporation (NASDAQ:TZUP) saw its stock climb as much as 3.8% after announcing an expanded strategic partnership with Coinbase (NASDAQ:COIN) to accelerate its cryptocurrency accumulation and mining initiatives.
The digital asset company confirmed that Coinbase Prime will continue acting as its custodian and prime broker, offering institutional-grade trading and financing solutions with NYDFS-qualified custody. This follows Thumzup’s recent $50 million offering at $10 per share, the proceeds of which are intended to diversify its cryptocurrency holdings and fund mining equipment acquisitions.
Earlier in May 2025, Thumzup established a Bitcoin-backed credit facility with Coinbase Prime, providing non-dilutive capital to support its Digital Asset Treasury strategy. The company is authorized to allocate up to 90% of its liquid assets in cryptocurrencies, ranking it among the most aggressively positioned public companies in this space.
Robert Steele, CEO of Thumzup Media Corporation, said that the expanded collaboration “reinforces our commitment to building one of the most strategically managed and growth-focused digital asset treasuries in the public markets.”
Ryan Ballantyne, Head of Corporate Client Strategy at Coinbase, added that the firm seeks to “help institutions scale their crypto strategies with best-in-class infrastructure that combines security with world-class custody capabilities.”
Thumzup Media Corporation stock price
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