Thumzup Media Raises $50M for Crypto Mining and $250M

• Thumzup Media grabbed $50 million to snag crypto mining equipment and pile up coins like XRP and Bitcoin.
• They’re tightening their link with Coinbase Prime to handle a $250 million crypto stash.
• Thumzup’s plan fits a wave of companies like Vivopower and Metaplanet.

Thumzup Media, which is affiliated with the Trump family, recently raised $50 million and partnered more closely with Coinbase to expand its crypto business.

The funds will be used to purchase new mining equipment and stockpile a large cache of digital currencies. Such as XRP, Bitcoin, Ethereum, Solana, Litecoin, Dogecoin, and USDC. The move, which was revealed on 13th August 2025, demonstrates Thumzup’s aggressive strategy of venturing deeper into the realm of crypto with a $250 million portfolio.

Thumzup’s Big Crypto Push

Thumzup, which is a Nasdaq listed company, sold stocks at $10 per share to raise the $50 million. The company’s boss, Robert Steele, said this deal with Coinbase Prime, a top platform for trading and storing crypto, is a huge step.

Coinbase Prime will keep handling Thumzup’s coins with tight security and help with big trades. Steele praised Coinbase’s setup for enabling Thumzup to rapidly grow its mining and coin collection. Back in May, Thumzup set up a Bitcoin-backed loan with Coinbase to obtain cash without selling its crypto, a smart move to facilitate continued growth.

The company’s board says it’s okay to put up to 90% of its cash into digital coins, one of the boldest plans out there for a public company. This comes as Bitcoin hit a new high, and other coins are riding the wave too. Ryan Ballantyne from Coinbase said their platform’s strong security helps companies like Thumzup scale up safely.

Other companies are jumping into crypto too. Vivopower just partnered with Crypto.com to manage its coins, including XRP. Japan’s Metaplanet made a 468% profit on its Bitcoin, now worth $2.1 billion, after a $61 million buy. Trump-linked firms are also active; ALT5 Sigma raised $1.5 billion for its own crypto treasury plan.

Thumzup’s shift from social media ads to crypto mining and investing is a big deal. With Donald Trump Jr.as a major shareholder, the company’s getting attention. Its stock jumped 6.73% after the news, even after a dip earlier.

Highlighted Crypto News Today

KuCoin Pay Partners with BitTopup for Seamless Crypto Payments