Trump-linked Thumzup Media has introduced a $50 million elevate alongside an expanded alliance with Coinbase. This is to speed up its cryptocurrency mining operations and strengthen its treasury of XRP and different digital property.
Thumzup Media Partners With Coinbase For $50M Treasury Diversification
In a press release, Thumzup Media Corporation, a Nasdaq-listed firm backed by Trump household connections, confirmed it had accomplished a secondary public providing underneath its shelf registration, securing $50 million at $10 per share. Proceeds can be used to purchase cutting-edge mining tools and construct a diversified cryptocurrency reserve that features XRP, BTC, ETH, SOL, and LTC.
The resolution follows the corporate’s earlier authorization to develop its crypto holdings past Bitcoin, focusing on a $250 million digital asset portfolio that additionally contains USDC and DOGE. Thumzup’s board has accepted an allocation technique permitting up to 90% of its liquid property to be held in cryptocurrencies.Â
Notably, Thumzup revealed it’s deepening its relationship with Coinbase Prime. They will proceed serving as custodian and prime dealer for XRP and its different crypto property. The platform provides institutional-grade buying and selling, financing, and custody companies backed by NYDFS-qualified safeguards.Â
Robert Steele, CEO of Thumzup Media, referred to as the transfer a key step in constructing one of the strategically managed digital asset treasuries.
Expanding our collaboration with Coinbase Prime reinforces our dedication to constructing one of the strategically managed and growth-focused digital asset treasuries within the public markets.
He additionally credited Coinbase Prime’s infrastructure for enabling the corporate to scale each its accumulation and mining operations. Ryan Ballantyne, Head of Corporate Client Strategy at Coinbase, highlighted the platform’s perform in aiding organisations in increasing their cryptocurrency methods by offering “military-grade security” and dependable custody choices.
In May 2025, Thumzup established a Bitcoin-backed credit score facility with Coinbase Prime, giving it entry to versatile capital to gasoline its Digital Asset Treasury (DAT) technique. This new diversification transfer additionally coincides with Bitcoin’s surge to a new all-time high.
Thumzup Builds On Growing Institutional Crypto Expansion
Thumzup’s transfer follows a rising pattern of publicly listed corporations diversifying into cryptocurrencies. Just yesterday, Vivopower announced its partnership with Crypto.com to handle institutional custody of its digital property, together with XRP.Â
In the meantime, Metaplanet Inc. of Japan reported a 468% Bitcoin yield within the second quarter of 2025, with 18,113 BTC valued at $2.1 billion. This report got here after it made a $61 million BTC purchase, making it the fourth-largest company Bitcoin holder globally.Â
The Thumzup transfer additionally provides to a sequence of updates from corporations linked to the Trump household. Recently, ALT5 Sigma closed a $1.5 billion registered direct providing to launch its World Liberty Financial (WLFI) Treasury Strategy.Â
That initiative goals to strengthen the corporate’s stability sheet and help long-term enlargement. This signifies that Trump-affiliated organisations are persevering with to push into crypto treasury constructing and in depth asset administration.
Michael Adeleke
Michael Adeleke is a passionate crypto journalist identified for breaking down complicated blockchain ideas and market tendencies into clear, participating narratives. He makes a speciality of delivering well timed information and sharp market evaluation that retains crypto lovers knowledgeable and forward of the curve. With an engineering background and a level from the University of Ibadan, Michael brings analytical depth and precision to every bit he writes.
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