Trump-Tied Thumzup Raises $50M, Merges Dogecoin | Crypto News
According to a shareholder letter, Thumzup Media accomplished a $50 million common stock offering at $10 per share and laid out a two-part plan: increase into Dogecoin mining and put chosen cryptocurrencies into a company treasury.
Thumzup Raises $50 Million
The new money will help fund a pending acquisition of Dogehash Technologies, a deal that calls for Thumzup to issue 30.7 million shares to Dogehash shareholders.
Once the transaction closes, the mining firm is set to be renamed Dogehash Technologies Holdings and is predicted to commerce on Nasdaq under the XDOG ticker. Part of the raised money will buy 1,000 mining machines, company officers said.
Thumzup CEO @stlrbrt issued a shareholder letter outlining our strategic transformation into a chief in cryptocurrency mining. This daring transfer is supported by a pending acquisition of DogeHash Technologies, a devoted Dogecoin mining company.
Learn more about this strategic… pic.twitter.com/fvzs4W4p4u
— Thumzup Media Corporation (@thumz_up) September 4, 2025
Dogecoin Mining Push
Reports have disclosed that Thumzup described the mining effort as aggressive. The transfer ties mining property and capital markets together in one bundle. Some particulars stay unclear.
For instance, the timetable for renaming and itemizing, and the precise supply schedule for the 1,000 rigs, weren’t spelled out in the letter. Still, the plan is in movement and will probably be watched intently by buyers.
XRP Included In Corporate Treasury
Beyond rigs and a Nasdaq plan, Thumzup said its board has authorized building a diversified crypto treasury that will embrace XRP. Other property named have been Dogecoin, Solana, Ethereum, Litecoin and stablecoin USDC.
No firm numbers got on how a lot of any token will probably be held. What was revealed is that this treasury plan follows earlier cryptocurrency buys: Thumzup invested $1 million in Bitcoin in January and then made an extra $1 million buy later that month.
Companies Adding XRP To Reserves
Based on reviews from other corporations, Thumzup shouldn’t be alone. Webus International announced a $300 million XRP treasury plan in June. VivoPower, which raised $121 million from buyers that embrace Saudi backers, has also mentioned utilizing half of that funding to maintain XRP.
Trident Digital has said it intends to construct a $500 million XRP reserve. Those strikes are being watched by market individuals because they change how some corporations assume about holding crypto on their steadiness sheets.
Investors will look for three gadgets. First, whether or not the Dogehash deal closes and the 30.7 million-share exchange is accomplished. Second, the precise supply and deployment of the 1,000 mining models. Third, any filings or bulletins that show how a lot crypto Thumzup will place into its treasury and when those purchases happen.
The company framed its strategy as constant with US President Donald Trump’s said assist for boosting American crypto exercise, a political level that the firm used in the shareholder letter.
Featured image from Unsplash, chart from TradingView
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