Thumzup Media Plans $200 Million Stock Offering for Bitcoin and Operations

According to BlockBeats, Nasdaq-listed Thumzup Media Corporation has filed an S-3 registration statement with the U.S. Securities and Exchange Commission (SEC). The company aims to issue common stock, warrants, units, or rights, with a total value of up to $200 million. The funds raised are intended for general corporate purposes, including acquiring Bitcoin as a primary reserve asset and managing operational expenses.