{"id":42295,"date":"2025-08-15T01:31:38","date_gmt":"2025-08-15T01:31:38","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=42295"},"modified":"2025-08-15T01:31:38","modified_gmt":"2025-08-15T01:31:38","slug":"50m-deal-trumps-thumzup-media-partners-with-coinbase-to-expand-xrp-holdings","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=42295","title":{"rendered":"$50M Deal: Trump\u2019s Thumzup Media Partners With Coinbase To Expand XRP Holdings"},"content":{"rendered":"
\n

According to Thumzup<\/a> Media\u2019s filing and press release, the Nasdaq-listed company completed a $50 million secondary offering at $10 per share to fund crypto mining and expand a multi-asset treasury.<\/p>\n

The company said<\/a> it will buy mining rigs and add assets such as XRP, BTC, ETH, SOL, LTC, USDC<\/a> and DOGE to its balance sheet.<\/p>\n

The move comes after Thumzup set an internal target to grow a digital asset pool to $250 million and authorized up to 90% of its liquid assets to be held in cryptocurrencies.<\/p>\n

Thumzup Expands Crypto Treasury<\/h2>\n

Robert Steele, Thumzup\u2019s CEO, called the raise a step toward a \u201cstrategically managed\u201d digital asset treasury. According to the company, Coinbase Prime will remain custodian and prime broker for the new holdings.<\/p>\n

The firm also disclosed a Bitcoin-backed credit facility arranged with Coinbase Prime<\/a> in May 2025 that is meant to provide flexible capital to support its treasury plan. This is a bold pivot for a publicly traded firm and will draw close scrutiny from investors and regulators alike.<\/p>\n

Mining Push And Capital Use<\/h2>\n

Based on reports, the $50 million proceeds will be split toward mining equipment purchases and direct crypto accumulation. Mining requires machines, space, and power, and Thumzup says it will deploy capital to expand operations.<\/p>\n

That\u2019s the part that could either add steady revenue<\/a> if done well or become a heavy drain on cash if costs rise or market prices tumble. The company didn\u2019t give a detailed commissioning schedule in the initial release, so the timing of any meaningful hash rate increase remains unclear.<\/p>\n


\nPeers And Market Moves<\/p>\n

Reports have disclosed a string of similar corporate moves in recent days. Vivopower<\/a> announced a partnership with Crypto.com for institutional custody.<\/p>\n

Metaplanet<\/a> Inc. of Japan reported a 468% Bitcoin yield in the second quarter of 2025, after holding 18,113 BTC valued at $2.1 billion following a $61 million BTC purchase.<\/p>\n

Thumzup\u2019s action sits squarely alongside these shifts as Bitcoin surged to a new all-time high.<\/p>\n

A Risky Bet For Shareholders?<\/p>\n

If cryptocurrency prices keep rising and margins in mining are still healthy, the plan could deliver very strong returns.<\/p>\n

But pooling as much as 90% of liquid assets into digital tokens will expose the company\u2019s balance sheet to sudden swings.<\/p>\n

The mining expansion will be a big-ticket item that needs to be executed with care.<\/p>\n

Given that the company is associated with US President Donald Trump\u2019s family<\/a>, the expansion will draw increased media and political scrutiny.<\/p>\n

Featured image from FinanceFeeds, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

According to Thumzup Media\u2019s filing and press release, the Nasdaq-listed company completed a $50 million secondary offering at $10 per share to fund crypto mining and expand a multi-asset treasury. The company said it will buy mining rigs and add assets such as XRP, BTC, ETH, SOL, LTC, USDC and DOGE to its balance sheet. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-42295","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/42295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42295"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/42295\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}