Thumzup Media Corporation, a social media marketing firm connected to Donald Trump Jr., has raised $50 million from investors to further its cryptocurrency and mining endeavors. The firm aims to incorporate large-scale cryptocurrency mining and blockchain investments into its strategy. With the funds from a recent $10 per share offering, Thumzup plans to acquire advanced mining infrastructure while collaborating with technology providers to expedite its build-out. Currently, the company holds 19.1 Bitcoin and aims to expand its crypto portfolio, which includes Bitcoin, Dogecoin, Litecoin, Solana, XRP, Ether, and USDC, with a total cap of $250 million in crypto investments. This announcement coincides with Bitcoin's climb to a new all-time high of over $124,000, affecting the stock price of Thumzup, which saw an increase in after-hours trading. This move underscores the growing trend among public companies investing in cryptocurrencies as a way to boost share values.

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