Thumzup Raises $50M for Crypto Expansion and BTC Credit Facility
Trump Jr-backed Thumzup raises $50M for crypto mining, treasury investments, and a Bitcoin-backed credit facility with Coinbase.
- Thumzup raises $50M to expand into crypto mining
- Plans include growing its crypto treasury investments
- Partners with Coinbase for Bitcoin-backed credit facility
Thumzup Moves Deeper Into Crypto
Thumzup, a social media company backed by Donald Trump Jr, has raised $50 million to accelerate its expansion into the cryptocurrency sector. The funding will be used to build out crypto mining operations and increase the firm’s digital asset treasury investments, positioning Thumzup as a player in both social media and blockchain infrastructure.
This strategic pivot comes as more traditional tech and media companies look to integrate cryptocurrency into their business models—not just as a payment method, but as a core part of their balance sheets and operations.
Bitcoin-Backed Credit Facility with Coinbase
Alongside the funding news, Thumzup announced a partnership with Coinbase to establish a Bitcoin-backed credit facility. This move allows the company to leverage its Bitcoin holdings as collateral, providing liquidity without having to sell its BTC—a strategy increasingly favored by crypto-treasury-focused firms.
By securing this facility through Coinbase, one of the most trusted and regulated exchanges in the U.S., Thumzup gains both flexibility and credibility in managing its crypto assets.
Why It Matters
Thumzup’s expansion signals a growing trend where non-crypto-native companies integrate blockchain technology and crypto assets into their business strategies. By entering the mining space, the company gains direct exposure to Bitcoin network economics, while the credit facility provides a new avenue for capital efficiency.
Industry analysts see this as a two-pronged growth strategy—building revenue through mining operations while increasing the potential returns from a growing crypto treasury. With backing from high-profile investors like Donald Trump Jr., the move is likely to draw both media and market attention.
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