Trump Jr.-Linked Thumzup Raises $50M for Bitcoin and Crypto Mining Expansion

Kriptoworld2025/08/03 16:00

By:by Tatevik Avetisyan

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Thumzup Media Corporation, linked to Donald Trump Jr., has raised $50 million to increase its Bitcoin and cryptocurrency holdings and expand into large-scale crypto mining.

The company said the funding came from a $10 per share offering completed on Tuesday.

Thumzup plans to use part of the funds to purchase cryptocurrency mining equipment and work with mining technology providers to speed up installation.

Thumzup entered the cryptocurrency sector in January, buying 19.1 Bitcoin (BTC) for the first time.

The company’s move follows other publicly traded firms that have added Bitcoin and other cryptocurrencies to their corporate balance sheets.

Donald Trump Jr.’s Stake in Thumzup and Crypto Expansion

Regulatory filings from early July showed that Donald Trump Jr. owns 350,000 shares in Thumzup, valued at about $3.3 million at the time.

His stake adds to his known involvement in cryptocurrency-related businesses.

In the same month, Thumzup said it would expand its crypto purchases to include Dogecoin (DOGE), Litecoin (LTC), Solana (SOL), XRP, Ether (ETH), and USDC. Its board approved holding up to $250 million worth of cryptocurrencies.

The company stated that the newly raised $50 million will be allocated to these crypto purchases and to building out its Bitcoin mining operations.

Bitcoin Price Peaks as Thumzup Announces Plans

Thumzup’s funding announcement came as Bitcoin reached an all-time high of $124,128 before easing to $123,683, based on CoinGecko data.

The price increased 3.6% in the past 24 hours and approached the $125,000 level for the first time.

The Bitcoin price rally coincides with multiple companies, including Thumzup, increasing cryptocurrency acquisitions.

The firm has not specified whether current price levels will affect the timing of its Bitcoin and crypto purchases.

Thumzup Stock Reacts After Funding Round

Shares of Thumzup, listed as TZUP, rose 7.62% in after-hours trading on Wednesday to $10.87 after closing the day down nearly 1.1%.

The company’s stock has gained 194.5% so far in 2025, with its latest all-time high of $15.46 recorded last Friday.

Earlier in the week, shares dropped 33% to $10.40 after Thumzup announced a public offering of non-voting convertible preferred stock, which it later amended.

H100 Group Adds to Bitcoin Holdings

Stockholm-based H100 Group, a health technology company, purchased 45.8 BTC on Wednesday, increasing its total Bitcoin holdings to 809.1 BTC.

The company said it paid an average price of just under 1.14 million Swedish krona (about $119,090) per Bitcoin, for a total spend of $5.47 million.

H100 is now the 42nd largest public Bitcoin holder globally, according to BitcoinTreasuries.NET, and ranks fourth among European Union companies.

The EU leader is Germany ’s Bitcoin Group SE with 3,605 BTC.

Trump Jr.-Linked Thumzup Raises $50M for Bitcoin and Crypto Mining Expansion image 0

Trump Jr.-Linked Thumzup Raises $50M for Bitcoin and Crypto Mining Expansion image 1

Tatevik Avetisyan
Editor at Kriptoworld
LinkedIn | X (Twitter)

Tatevik Avetisyan is an editor at Kriptoworld who covers emerging crypto trends, blockchain innovation, and altcoin developments. She is passionate about breaking down complex stories for a global audience and making digital finance more accessible.

📅 Published: August 4, 2025 • 🔄 Last updated: August 4, 2025

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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