Trump Jr. Cashes Out Big as Thumzup Bets $50M on Crypto Mining—Here’s Why It Matters
Thumzup just threw $50 million into the crypto mining ring—and Trump Jr. is already selling. Is this a power move or a pump-and-dump in disguise?
The $50M Gamble: Thumzup’s Dive Into Mining
Fresh capital meets volatile markets as Thumzup pivots to crypto mining. With Bitcoin’s halving cycle looming, the timing’s either genius or desperate.
Trump Jr.’s Exit: Smart Trade or Insider Play?
While Thumzup loads up on rigs, Trump Jr. unloads his stake. Coincidence? Probably not in crypto-land, where 'hodl' is just a meme for the little guys.
The Bottom Line: Another day, another nine-figure bet on blockchain’s dirtiest open secret—mining. Just don’t ask who’s holding the bag when the music stops.
TLDR
- Thumzup Raises $50M to Mine Bitcoin and Buy Top Cryptos Like ETH & SOL
- Trump Jr. Cashes In as Thumzup Goes All-In on Bitcoin Mining & Altcoins
- Thumzup Shifts Gears: $50M Boost for Crypto Mining & Treasury Expansion
- From Holdings to Hash Power: Thumzup Bets Big on Bitcoin & Blockchain
- Thumzup Eyes Crypto Domination with $50M Raise, Mining, & Token Buys.
Thumzup Media Corporation has secured $50 million to expand its digital asset strategy and launch large-scale Bitcoin mining operations. The capital raise follows a secondary stock offering that included Donald Trump Jr. as one of the largest selling shareholders. The company expects to net $46.5 million after fees from the offering.
Bitcoin Mining Expansion
Thumzup will shift from solely holding digital assets to building substantial bitcoin mining infrastructure. The firm is negotiating with mining technology providers to accelerate the development of its operations. It aims to position itself as a leading player in the digital asset mining sector.
Board approval last month allowed Thumzup to diversify beyond Bitcoin into other cryptocurrencies. The firm plans to integrate mining revenues into its treasury management strategy. It will use this expansion to create durable revenue-generating assets in the growing blockchain economy.
The company holds over $2 million in Bitcoin and intends to strengthen this position through mining-generated supply. This approach marks a strategic change from a passive holding model to an active production model. The MOVE aligns with broader trends among digital asset treasury companies seeking multiple revenue channels.
Ether, XRP, Solana, Dogecoin, and Litecoin Purchases
Thumzup plans to purchase Ether, XRP, Solana, Dogecoin, and Litecoin as part of its multi-asset treasury. These acquisitions will follow its existing Bitcoin holdings, expanding its exposure to high-potential blockchain projects. The purchases are intended to balance mining activities with diversified token investments.
The company raised $50 million through a secondary stock offering following a shelf registration approved by the SEC. Several venture firms and private investors participated in the sale, alongside TRUMP Jr. as the largest individual seller. His pre-offering holding was approximately 350,000 shares.
By combining direct mining with targeted token purchases, Thumzup expects to build a resilient digital asset portfolio. The strategy reflects a growing shift among public firms toward multi-pronged crypto engagement. This approach is designed to capitalize on both market appreciation and operational revenues.
Trump Family’s Crypto Involvement
Donald Trump Jr.’s sale of Thumzup shares adds to the family’s extensive crypto-linked activities. Bloomberg estimates the family has earned $620 million from various blockchain and mining ventures in recent months. Their involvement spans DeFi, stablecoins, and large-scale Bitcoin mining.
Eric Trump serves as chief strategy officer at American Bitcoin, a subsidiary of Hut 8 pursuing a public listing through a merger. Donald Jr. remains a significant shareholder in the same company. The family has cited challenges with banking access and censorship as motivations for their crypto focus.
