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Thumzup Media Buys 7.5 Million Dogecoin as First U.S. Spot DOGE ETF Debuts

The ad-tech firm is pivoting to crypto through a pending DogeHash deal targeting a 3,500‑rig Dogecoin mining fleet.

Overview

  • Thumzup disclosed its first open‑market Dogecoin buy of roughly 7.5 million tokens for about $2 million at a weighted average price of $0.2665.
  • The REX‑Osprey DOGE fund (ticker DOJE) begins trading in the U.S., offering spot Dogecoin exposure to traditional brokerage accounts.
  • The company outlines plans to scale Dogecoin mining to 3,500 rigs by year‑end via its pending acquisition of DogeHash and recent crypto advisory additions from the DogeOS ecosystem.
  • Analysts say DOGE has broken out of a multi‑month triangle on tripled volumes, with price targets cited near $0.45 and potentially $0.60 if momentum holds.
  • Thumzup’s August $50 million stock offering and earlier crypto‑treasury moves provide funding and context, and Bloomberg reports Donald Trump Jr. holds 350,000 company shares.