Thumzup Media Corporation announced its first direct investment into Dogecoin, buying 7.5 million tokens valued at roughly $2 million. The acquisition reflects the company’s growing involvement in the Dogecoin ecosystem, where it is also pursuing the purchase of DogeHash, a mining operation running 2,500 rigs with plans to expand by 1,000 more.
The announcement follows Thumzup’s $50 million common stock offering in August, intended to finance crypto acquisitions and mining infrastructure. The company has also strengthened its governance by appointing new members to its Crypto Advisory Board. Thumzup says these efforts align with its focus on becoming a key player in Dogecoin investment and mining. With the rise of meme coins in mainstream markets, Dogecoin’s appeal continues to attract firms looking to expand beyond bitcoin and ether. Analysts note Thumzup’s move highlights how mid-sized firms are positioning themselves in niche areas of crypto as they compete for market share.
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