Thumzup Media Corporation (ticker: TZUP) has just made a splash in the market by announcing its first Dogecoin purchase on the open market. According to the company, Thumzup spent about $2 million to acquire 7.5 million Dogecoin Token ( Doge), at an Medium price of about $0.2665/ Doge. This move is XEM a strategic step to expand the company's presence in the cryptocurrency sector, especially the ecosystem surrounding Dogecoin .
Not stopping there, Thumzup Media also revealed plans to set up up to 3,500 Dogecoin Mining Rig by the end of this year, through the acquisition of mining company Dogehash. To support this ambition, the board of directors has added senior personnel: Jordan Jefferson – CEO of DogeOS and leader of MyDoge, along with Alex Hoffman, head of ecosystem for DogeOS, have just joined Thumzup's Crypto Advisory Board.
This is not the first time Thumzup Media has delved into the crypto market. In January of this year, the company launched a cryptocurrency reserve fund with $1 million invested in Bitcoin. In July, Thumzup's board of directors gave the green light to hold up to $250 million in digital assets. In parallel, the company also raised $50 million from issuing common stock at $10 per share in August.
Another notable detail is that Donald Trump Jr., son of President Donald Trump, currently owns about 350,000 shares of Thumzup Media. According to Bloomberg, this investment was made on the advice of a financial advisor, and Trump Jr. is not directly involved in the company's operations.
