Dogecoin Bullish Again? $10 Million Stock Buyback | Crypto News
Thumzup Media’s $10 million stock buyback and its transfer into Dogecoin mining have stirred contemporary curiosity in DOGE, but merchants are watching price motion intently for affirmation before calling a rally.
Market Tests Key Trend Line
Reports have disclosed that DOGE just lately pulled back to a demand zone that matches the 200-day exponential transferring average (EMA). That space is being watched as a make-or-break spot.
A stable bounce from right here may push Dogecoin toward $0.29 in the close to time period. If patrons push through the rising wedge sample, a transfer to $0.40 is the next clear goal.
Some merchants say a run to $1 is feasible if momentum picks up sharply, though that would require sustained shopping for stress over time.
Thumzup declares $10 million share repurchase program, reflecting confidence in our long-term strategy and our dedication to delivering worth to shareholders.
We also spotlight our digital asset treasury:
₿ 19.106 Bitcoins
~7.5M DogecoinsRead the press release:… pic.twitter.com/Z8oEKrIZz5
— Thumzup Media Corporation (@thumz_up) September 24, 2025
Thumzup’s Big Bet On Mining
According to company statements, Thumzup purchased DogeHash Technologies and expects the unit to own 3,500 mining rigs by year-end. The firm also holds 19 BTC and 7.5 million DOGE, the latter valued at about $1.7 million in current experiences.
Donald Trump Jr. is listed as a majority shareholder of Thumzup. He is the son of US President Donald Trump, which has drawn further public consideration to the firm’s crypto strikes. The buyback, set at $10 million, was described by executives as a signal they see worth in the company’s shares.
Institutional Demand And Treasury Moves
Separate filings and disclosures show other companies are quietly building up Dogecoin stakes. Reports say CleanCore holds 600 million DOGE in a treasury program and plans to keep shopping for with an goal to attain 5% of the circulating provide.
Treasury accumulation of that scale would take away a large chunk of cash from energetic trading, if the purchases continue. The launch of the REX-Osprey Dogecoin ETF has also been cited by market commentators as another source of growing institutional access to DOGE.
Developers Push Protocol Upgrades
Based on discussions in developer circles, there are proposals to add native verification of zero-knowledge (ZK) proofs to Dogecoin. That change would open the door for Layer-2 chains and apps that act more like sensible contracts.
Some of the proposals also embrace methods to introduce token burns tied to usage charges. If applied, such modifications may create new provide dynamics that would have an effect on DOGE’s investment case. But these concepts are at the proposal stage and would take time to transfer from plan to live code.
What Traders Should Watch
Volume, ETF flows, and whether or not Thumzup expands mining as promised might be key indicators to observe. Technical ranges around the 200-day EMA and the rising wedge boundaries will matter for anybody sizing up short-term risk.
Institutional curiosity and precise protocol modifications could be the larger, slower forces that may reshape Dogecoin’s story over months somewhat than days.
Featured image from Pexels, chart from TradingView
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