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Thumzup Buys 7.5 Million Dogecoin as It Accelerates Mining Push

Key approvals remain before Thumzup can close the DogeHash acquisition.

Overview

  • An SEC filing shows Thumzup purchased about 7.5 million DOGE for roughly $2 million at an average price of $0.2665, marking its first open‑market DOGE buy.
  • The company’s August $50 million stock offering is funding digital‑asset accumulation and DOGE mining equipment as it targets roughly 3,500 Scrypt rigs by year‑end.
  • Thumzup is pursuing the acquisition of DogeHash, which operates about 2,500 rigs with 1,000 more on order, to scale production of Dogecoin.
  • The DogeHash share issuance, planned rebrand to Dogehash Technologies Holdings and a new Nasdaq ticker XDOG require shareholder and exchange approvals.
  • Thumzup added DogeOS leaders Jordan Jefferson and Alex Hoffman to its Crypto Advisory Board, and the disclosure arrived as the first U.S. Dogecoin spot ETF (DOJE) was set to debut; DOGE ticked higher as Thumzup shares fell 7.7% before a partial after‑hours rebound.