Thumzup, a social media company backed by Donald Trump Jr., has raised $50 million to expand its operations into cryptocurrency mining and enhance its crypto treasury investments. The company aims to leverage this funding to strengthen its position in the digital asset space. In addition to the capital raise, Thumzup has announced a strategic partnership with Coinbase to establish a Bitcoin-backed credit facility. This collaboration is expected to provide Thumzup with increased financial flexibility and access to liquidity, further supporting its growth initiatives in the cryptocurrency sector.