Thumzup don raise $50M IPO to boost ETH, DOGE & SOL Mining
Nasdaq-listed Thumzup Media (TZUP) don raise $50M for $10 each share, e con net dem $46.5M to take buy cryptocurrency, crypto mining hardware, and run dem operations. Dem go settle am on August 12 through Dominari Securities. The company wey dey Los Angeles don expand their Digital Asset Treasury to ETH, DOGE, SOL, LTC, XRP plus USDC. Dem plan to build mining wey fit grow well and no go waste energy, join hand with Coinbase Prime to get Bitcoin-backed credit wey fit give dem capital wey no go dilute, manage liquidity and make protection for BTC wahala. Dis kind move show say dem wan shift from ad-tech go crypto, but dem still get problems like energy cost, old hardware, and regulatory wahala.
Bullish
Thumzup $50M IPO wey dem wan use take buy asset and grow crypto mining go boost demand for ETH, DOGE and SOL short term. Partnership we dem get with Coinbase Prime for Bitcoin-backed credit facility dey improve liquidity and hedging tools, wey dey make trader sentiment positive. Long term, energy cost, old hardware and regulatory scrutiny fit limit growth, but institutional support show say company digital asset holding get bright future.