Thumzup completed a $46.5 million IPO, and Trump’s eldest son once held 350,000 shares.

robot
Abstract generation in progress

On August 11, Thumzup Media Corporation (NASDAQ: TZUP) announced the pricing of its secret marketing common stock IPO, as well as the prepaid warrants for certain investors to subscribe to its common stock, with an IPO price of $10 per share.

The company expects to receive a total gross income of 46.5 million USD from this issuance, before deducting underwriting agent fees and other related expenses. This issuance is expected to be completed around August 12, 2025, subject to the satisfaction of customary trading conditions. The company plans to use the net proceeds from this issuance for the accumulation of cryptocurrency and mining equipment, working capital, and general corporate purposes.

Note: Donald Trump Jr., the eldest son of Trump, disclosed in July 2025 that he purchased 350,000 shares of Thumzup, valued at approximately $3.3 million to $4.3 million, based on the recommendation of his investment advisor. He has no operational or advisory role in the company, serving only as a shareholder.

TRUMP7.04%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
screenshot_gainsvip
· 8h ago
Is another TradFi institution transitioning to web3?
View OriginalReply0
AltcoinOraclevip
· 08-12 19:14
fascinating... trump jr's position correlates perfectly with my wyckoff analysis
Reply0
AirdropChaservip
· 08-12 00:27
It's another capitalists' money-making scheme.
View OriginalReply0
PumpingCroissantvip
· 08-11 14:34
Now Xiaote's wallet is full again.
View OriginalReply0
NeverVoteOnDAOvip
· 08-11 14:32
This loss can't be borne by me.
View OriginalReply0
HappyMinerUnclevip
· 08-11 14:31
Tsk tsk, another Be Played for Suckers in the crypto world.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)