TLDR

Thumzup Media acquires 7.5 million Dogecoin tokens for $2 million.
The purchase supports Thumzup’s strategy to build a dedicated Dogecoin treasury.
Thumzup raised $50 million in August for digital asset and Dogecoin mining investments.
The company plans to acquire DogeHash, a mining operation with 2,500 rigs.
Thumzup strengthens its crypto advisory board with key figures from DogeOS.

Thumzup Media has made a significant move in the cryptocurrency market by purchasing 7.5 million Dogecoin tokens. The company acquired these tokens for approximately $2 million, at an average price of $0.2665 per token. This purchase is part of a broader strategy to build a dedicated Dogecoin treasury and enhance its crypto portfolio.

Thumzup Media’s Dogecoin Purchase

On September 17, Thumzup Media filed with the U.S. Securities and Exchange Commission (SEC), revealing its purchase. This marks Thumzup’s first open-market acquisition of Dogecoin. The firm’s purchase aligns with its plan to accumulate digital assets, specifically Dogecoin, as a core part of its crypto holdings.

The company raised $50 million in August through a stock offering. Thumzup Media has earmarked this funding to invest in digital assets and acquire Dogecoin mining equipment. The latest acquisition of 7.5 million DOGE supports its expanding crypto treasury and positions Dogecoin as a prominent asset in its portfolio.

Thumzup’s commitment to Dogecoin goes beyond purchasing tokens. The company is also advancing plans to acquire DogeHash, a mining operation with 2,500 high-end rigs. An additional 1,000 rigs are expected to be installed later this year to expand the operation.

Thumzup Media Bolsters Team for DOGE Ecosystem Growth

Thumzup Media has taken steps to strengthen its advisory team to support its crypto initiatives. Jordan Jefferson, CEO of DogeOS, and Alex Hoffman, Head of Ecosystem at DogeOS, have joined the company’s crypto advisory board. Both Jefferson and Hoffman bring extensive experience in Dogecoin infrastructure, decentralized wallets, and layer-two scaling solutions.

These new appointments will help guide Thumzup Media’s Dogecoin treasury and mining initiatives. Their expertise will play a critical role in shaping the company’s strategy as it continues to build its DOGE ecosystem. Thumzup Media’s broader focus on blockchain technology will allow it to stay ahead in the rapidly evolving crypto space.

Thumzup Media’s push to acquire Dogecoin mining equipment and strengthen its advisory board signals its long-term commitment to the memecoin. The firm’s strategic moves reflect confidence in Dogecoin’s growth potential and its role in the broader cryptocurrency market.

Dogecoin’s Growing Popularity

Thumzup Media’s purchase comes at a time when other companies are also increasing their Dogecoin holdings. CleanCore Solutions recently surpassed 500 million DOGE in its quest to hold 1 billion DOGE. Additionally, Bit Origin has expressed its intention to make Dogecoin a significant part of its corporate treasury.

The institutional interest in Dogecoin is also growing, with the much-anticipated REX-Osprey Dogecoin ETF (DOJE) awaiting regulatory approval. These developments have contributed to Dogecoin’s rising value, with the token trading near $0.27. As of the latest data, DOGE has gained roughly 4.78% in the past 24 hours.

Thumzup Media’s acquisition further highlights Dogecoin’s increasing appeal among institutional investors and companies. The firm’s strategic investments reflect its confidence in Dogecoin’s long-term value and the growth of the broader cryptocurrency market.

The post Thumzup Media Acquires 7.5 Million Dogecoin in Strategic Move appeared first on CoinCentral.

---

Filed under: News - @ September 18, 2025 7:14 pm