Thumzup Media Corporation announced its inaugural open-market acquisition of Dogecoin (DOGE), securing approximately 7.5 million tokens valued at roughly $2 million. The weighted average price for this purchase was $0.2665 per token.
This strategic addition of DOGE to its treasury coincides with the expected launch of the first Dogecoin (DOGE) exchange-traded funds (ETFs), which are anticipated to accelerate mainstream and institutional investor adoption. CEO Robert Steele stated that this accumulation, combined with mining initiatives, reinforces commitment to Dogecoin's evolution.
Building on this momentum, Thumzup is increasing its Dogecoin ecosystem involvement through its proposed acquisition of DogeHash, a Dogecoin mining operation with 2,500 advanced mining rigs and an additional 1,000 units on order. This follows Thumzup's successful $50 million common stock offering in August 2025, earmarked for cryptocurrency accumulation and mining equipment.
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