Particle.news

Download on the App Store

Thumzup Approves $10 Million Share Buyback Through 2026

The move signals confidence in a strategy centered on building a crypto treasury.

Overview

  • Thumzup disclosed it has already repurchased 212,432 shares for about $1 million at an average price of $4.71.
  • The company reports holdings of 19.106 BTC and roughly 7.5 million DOGE as it expands its digital-asset reserves.
  • Shares of TZUP rose about 5% to 6% intraday following the announcement, recently trading around $4.8 with a session high near $5.30.
  • Thumzup has signed a definitive agreement to acquire DogeHash Technologies, which operates 2,500 Dogecoin-mining rigs with 1,000 more scheduled for delivery, pending shareholder approval and closing conditions.
  • The board has also authorized treasury purchases of assets including Ethereum, XRP, Solana, Litecoin, and USDC.