Thumzup Media plunges after $50 million stock sale
ReutersAug 11, 2025 2:22 PM
Digital asset hoarder Thumzup Media's TZUP.O shares slump 33.2% to $10.32
TZUP announces pricing of $50 million stock offering at $10 apiece, a 35.3% discount to the last close
Proceeds will be used to accumulate cryptocurrencies and mining equipment and other purposes
Dominari Securities was the exclusive placement agent for the offering
TZUP has expanded its treasury strategy beyond bitcoin to other cryptocurrencies, such as dogecoin, litecoin, solana and ether
As of last close, TZUP stock up 350.7% YTD
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