Dogecoin

Thumzup Media Corporation (NASDAQ: TZUP) revealed on Thursday its first open-market Dogecoin acquisition, securing roughly 7.5 million DOGE tokens at an average cost of $0.2665 each, for a total value close to $2 million.
Earlier this month, the company confirmed its intention to deploy 3,500 <a href="https://primecrypto.news/coin/DOGE/dogecoin/USD/" rel="noopener noreferrer nofollow">Dogecoin</a> mining rigs before year-end through the pending purchase of mining operator Dogehash. To support its growing crypto strategy, Thumzup has also added key figures to its Crypto Advisory Board, including Jordan Jefferson, CEO of DogeOS and leader at MyDoge, along with Alex Hoffman, head of ecosystem at DogeOS.
Trade on the leading altcoin exchange MEXC: <a href="https://www.mexc.com/acquisition/custom-sign-up?shareCode=mexc-primetg" rel="noopener noreferrer nofollow">https://www.mexc.com/acquisition/custom-sign-up?shareCode=mexc-primetg</a>
<h2 id="header-0">Stock Offering and Crypto Treasury Growth</h2>
This expansion comes on the heels of a $50 million common stock offering in August, priced at $10 per share. Thumzup first launched its crypto treasury in January with a $1 million Bitcoin investment. By July, the company’s board had authorized up to $250 million in cryptocurrency holdings.
That same month, it was disclosed that Donald Trump Jr. owns 350,000 shares of the company, acquired through an advisor’s recommendation. Bloomberg reported he has no direct involvement in Thumzup’s operations.
<h2 id="header-1">Market Reaction and DOGE Price Movement</h2>
On Wednesday, Thumzup’s stock fell 7.7%, closing at $4.61 per share, but shares rose 4.5% after hours following the Dogecoin filing. Meanwhile, Dogecoin’s price climbed 2.4% to $0.28, based on PRIME’s market data.

Thumzup Media Makes First Dogecoin Purchase With $2M Investment

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