11:43 AM EDT, 05/06/2025 (MT Newswires) -- Thumzup Media ( TZUP ) filed Tuesday an amendment to its universal shelf registration statement, increasing the maximum offering size to $500 million from $200 million.

Under the offering, the company said it may sell over a three-year period its common shares, preferred shares, warrants, debt securities, purchase contracts and/or units.

The company said the upsized offering will allow it to further its Bitcoin (BTC-USD) acquisition strategy. The company has board authorization to allocate up to 90% of its liquid assets to Bitcoin as part of its treasury strategy.

Shares were down 8% in recent trading.

Price: 4.96, Change: -0.43, Percent Change: -8.00