According to online reports, Thumzup Media Corporation, a Nasdaq-listed company, announced that it has filed an amendment to the "universal shelf" registration statement Form S-3 with the U.S. Securities and Exchange Commission (SEC), increasing the maximum total issuance amount from US$200 million to US$500 million. Once effective, this incremental registration statement will allow Thumzup to raise up to US$500 million to increase working capital and further advance its Bitcoin (BTC) acquisition strategy. The company's board of directors has previously authorized Thumzup to allocate up to 90% of its liquid assets to BTC as part of its money management strategy. Under the terms of the issue, Thumzup may raise funds in one or more issues within three years after the registration statement takes effect, using a variety of securities, including common shares, preferred shares, warrants, debt securities, purchase contracts and/or units.