Thumzup expands Coinbase partnership for crypto accumulation strategy

Thumzup Media Corporation (NASDAQ: TZUP) announced an expanded partnership with Coinbase (NASDAQ: COIN) to support its cryptocurrency accumulation and mining operations, according to a press release statement.

The company completed a $50 million funding round at $10 per share, with proceeds designated for diversifying cryptocurrency holdings and acquiring mining equipment. Coinbase Prime will continue serving as Thumzup's custodian and prime broker, providing trading and financing services.

In May 2025, Thumzup established a Bitcoin-backed credit facility with Coinbase Prime to access non-dilutive capital. The company is authorized to allocate up to 90% of its liquid assets to cryptocurrencies.

"Expanding our collaboration with Coinbase Prime reinforces our commitment to building one of the most strategically managed and growth-focused digital asset treasuries in the public markets," said Robert Steele, CEO of Thumzup Media Corporation.

Ryan Ballantyne, Head of Corporate Client Strategy at Coinbase, stated, "We're proud to power Thumzup Media Corporation's expansion in crypto accumulation and mining with our purpose-built platform - delivering secure, trusted custody as they scale their digital asset capabilities."

Thumzup operates a social media advertising platform that pays users for sharing branded content. The company has expanded its treasury holdings beyond Bitcoin to include Dogecoin, Litecoin, Solana, Ripple, Ether, and USD Coin.

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