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200 Million Dollar Bitcoin Move from US Company: Official Application Submitted to SEC! - Coin Bulletin
Thumzup Media Corporation announced that it plans to add Bitcoin to its company reserves after a $200 million funding following its official application to the SEC (SEC).
The Culver City-based social media marketing company Thumzup Media Corporation in California, USA, has submitted a Form S-3 registration statement to the SEC. According to the application, the company aims to sell various securities such as common stocks, warrants, units, and rights, up to a total of 200 million dollars. Thumzup Media clearly stated that a large portion of the revenue from this sale will be evaluated for general corporate expenses as well as specifically for Bitcoin purchases.
In the documents submitted to the SEC with the signature of the company's CEO Robert Steele, it was stated that the sales transactions would begin as soon as possible after the aforementioned funding is secured. Additionally, the company's legal advisory is provided by the New York-based law firm Sichenzia Ross Ference Carmel LLP. The application also highlighted the detail that Thumzup Media Corporation is defined as a smaller reporting company (smaller reporting company) and a newly emerging company (emerging growth company).