24/7 Market News Snapshot 13 May, 2025 – Thumzup Media Corporation Common Stock (NASDAQ:TZUP)

May 13, 2025

DENVER, Colo., 13 May, 2025 (www.247marketnews.com) – (NASDAQ:TZUP) are discussed in this article.
Thumzup Media Corporation (TZUP) is witnessing a dynamic surge in its trading performance, with the stock price jumping approximately 14.77% from an opening of $6.59 to a current valuation of $7.50. This upward trajectory follows a previous session close at $6.535, reflecting bullish investor sentiment. With a significant trading volume of 733.69K shares, interest in TZUP is notably increasing. Technical indicators suggest potential resistance at elevated levels, with support likely forming around $6.50, prompting investors to closely monitor these trends for optimal entry points.

In parallel to its trading performance, Thumzup has initiated a transformative capital strategy through a newly filed shelf registration statement, aiming to raise up to $500 million. The proceeds will enhance working capital and further accelerate its Bitcoin acquisition strategy. This innovative approach includes the establishment of a Bitcoin-backed credit facility with Coinbase Prime, granting the company access to non-dilutive capital to bolster its strategic objectives.

CEO Robert Steele emphasized the significance of this partnership, stating that Coinbase’s ascent to the S&P 500 marks a pivotal moment for the cryptocurrency industry. He noted that the collaboration through a Bitcoin-collateralized lending program aligns with Thumzup’s commitment to prudent capital management, placing the company in a strong position to enhance shareholder value while pursuing its Bitcoin strategy.

Thumzup currently holds 19.106 BTC, valued at approximately $2 million, and its Board of Directors has endorsed a strategy to maintain up to 90% of liquid assets in Bitcoin. This commitment showcases Thumzup’s intent to leverage the evolving cryptocurrency landscape as it reinforces its leadership in digital advertising. The company’s foundational platform allows users to earn cash by interacting with brand advertisers on various social media outlets, signaling its ongoing commitment to innovative solutions within the marketing sector.

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