Trump-linked Thumzup Media has announced a $50 million raise alongside an expanded alliance with Coinbase. This is to accelerate its cryptocurrency mining operations and strengthen its treasury of XRP and other digital assets.
Thumzup Media Partners With Coinbase For $50M Treasury Diversification
In a press release, Thumzup Media Corporation, a Nasdaq-listed company backed by Trump family connections, confirmed it had completed a secondary public offering under its shelf registration, securing $50 million at $10 per share. Proceeds will be used to acquire cutting-edge mining equipment and build a diversified cryptocurrency reserve that includes XRP, BTC, ETH, SOL, and LTC.
The decision follows the company’s earlier authorization to grow its crypto holdings beyond Bitcoin, targeting a $250 million digital asset portfolio that also includes USDC and DOGE. Thumzup’s board has approved an allocation strategy allowing up to 90% of its liquid assets to be held in cryptocurrencies.
Notably, Thumzup revealed it is deepening its relationship with Coinbase Prime. They will continue serving as custodian and prime broker for XRP and its other crypto assets. The platform offers institutional-grade trading, financing, and custody services backed by NYDFS-qualified safeguards.
Robert Steele, CEO of Thumzup Media, called the move a key step in building one of the most strategically managed digital asset treasuries.
Expanding our collaboration with Coinbase Prime reinforces our commitment to building one of the most strategically managed and growth-focused digital asset treasuries in the public markets.
He also credited Coinbase Prime’s infrastructure for enabling the company to scale both its accumulation and mining operations. Ryan Ballantyne, Head of Corporate Client Strategy at Coinbase, highlighted the platform’s function in assisting organisations in expanding their cryptocurrency strategies by providing “military-grade security” and reliable custody options.
In May 2025, Thumzup established a Bitcoin-backed credit facility with Coinbase Prime, giving it access to flexible capital to fuel its Digital Asset Treasury (DAT) strategy. This new diversification move also coincides with Bitcoin’s surge to a new all-time high.
Thumzup Builds On Growing Institutional Crypto Expansion
Thumzup’s move follows a growing trend of publicly listed companies diversifying into cryptocurrencies. On August 14, Vivopower announced its partnership with Crypto.com to manage institutional custody of its digital assets, including XRP.
In the meantime, Metaplanet Inc. of Japan reported a 468% Bitcoin yield in the second quarter of 2025, with 18,113 BTC valued at $2.1 billion. This report came after it made a $61 million BTC purchase, making it the fourth-largest corporate Bitcoin holder globally.
The Thumzup move also adds to a series of updates from companies linked to the Trump family. Recently, ALT5 Sigma closed a $1.5 billion registered direct offering to launch its World Liberty Financial (WLFI) Treasury Strategy.
That initiative aims to strengthen the company’s balance sheet and support long-term expansion. This indicates that Trump-affiliated organisations are continuing to push into crypto treasury building and extensive asset management.
Michael Adeleke
Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.
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