Intel stock extends gains after report of possible U.S. government stake
Investing.com -- Thumzup Media Corporation (NASDAQ:TZUP) stock rose up to 3.8% following the announcement of an expanded strategic relationship with Coinbase (NASDAQ:COIN) to accelerate its cryptocurrency accumulation and mining strategy.
The digital asset accumulator said Coinbase Prime will continue to serve as its custodian and prime broker, providing institutional-grade trading and financing solutions backed by NYDFS-qualified custody. This move comes after Thumzup recently closed a $50 million offering at $10 per share, with proceeds intended to diversify its cryptocurrency holdings and acquire mining equipment.
In May 2025, Thumzup established a Bitcoin-backed credit facility with Coinbase Prime, providing the company with non-dilutive capital to support its Digital Asset Treasury strategy. The company is authorized to hold up to 90% of its liquid assets in cryptocurrencies, positioning it among public companies with the most aggressive allocation policies.
Robert Steele, CEO of Thumzup Media Corporation, stated 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, noted that the company aims to help institutions scale their crypto strategies with best-in-class infrastructure that combines security with world-class custody capabilities.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.