Thumzup Media Buys 7.5 Million Dogecoin to Expand Crypto Treasury

Nasdaq-listed Thumzup Media has expanded its digital asset treasury strategy after purchasing 7.5 million Dogecoin as part of its growing crypto-focused business model. The company, which has ties to Donald Trump Jr. through a major shareholding position, continues to increase its exposure to cryptocurrencies beyond Bitcoin. The latest move comes as the firm accelerates its transition from a social media marketing platform into a diversified crypto treasury and mining company.

Alongside the Dogecoin purchase, Thumzup has also been exploring a major acquisition of Dogehash Technologies, a crypto mining operation focused on Dogecoin and Litecoin production. The proposed deal aims to create one of the largest Dogecoin mining platforms globally, with thousands of mining machines operating across North America. Company executives stated that combining treasury holdings with mining infrastructure could create a long-term sustainable revenue model tied directly to digital asset production.

Thumzup previously raised $50 million to support its broader crypto expansion plans, with board approval allowing up to $250 million in digital asset holdings including Bitcoin, Ethereum, Solana, XRP, Litecoin, and Dogecoin. Market analysts say the strategy reflects a growing trend of public companies diversifying treasury reserves into multiple cryptocurrencies instead of focusing solely on Bitcoin. The company’s increasing involvement in the Dogecoin ecosystem has also attracted significant attention due to its connections with prominent political and business figures.