Thumzup Media Corporation has authorized a $10 million share buyback program extending through the end of 2026, reinforcing confidence in its long-term growth strategy. The move comes after a $1 million program under which 212,432 shares were repurchased at an average of $4.71 as of September 19.
CEO Robert Steele highlighted that the company’s approach blends digital asset accumulation with infrastructure expansion. Thumzup also updated its crypto treasury, now holding 19.106 Bitcoins and 7.5 million Dogecoins.
In a significant expansion step, the company has signed a definitive agreement to acquire DogeHash Technologies, a Dogecoin mining firm operating 2,500 rigs with 1,000 more scheduled for delivery this year.
The acquisition, however, still requires shareholder approval, Nasdaq’s clearance, and regulatory compliance before closing. If finalized, it would mark Thumzup’s deeper integration into crypto mining and asset management. A proxy statement will be filed with the SEC to guide shareholder voting in the coming weeks.
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