thumzup

According to PRNewswire, Thumzup Media Corporation, a social media company invested in by Donald Trump Jr. that holds cryptocurrency reserves, announced the acquisition of the Dogecoin and Litecoin mining company Dogehash. Following the completion of the transaction, Dogehash will become a wholly-owned subsidiary and will undergo a rebranding.In addition, Thumzup also disclosed that it holds assets valued at $52 million as of the end of the third quarter.

ChainCatcher news, Donald Trump Jr. has announced that Thumzup Media Corporation, a social media company he invested in that holds cryptocurrency reserves, has injected $2.5 million into DogeHash Technologies. This funding is expected to be used to expand DogeHash's Dogecoin mining capabilities and accelerate the deployment of its next-generation ASIC miners, which may support an additional 500 ASIC miners.

ChainCatcher news, Donald Trump Jr. has announced that Thumzup Media Corporation, a Nasdaq-listed company in which he has invested and holds cryptocurrency reserves, has spent approximately $2 million to purchase 7.5 million DOGE, incorporating Dogecoin into its strategic reserves.

ChainCatcher news, according to The Block, Thumzup Media Corporation (stock code TZUP) announced on Thursday that it has purchased Dogecoin (DOGE) for the first time in the open market, acquiring approximately 7.5 million tokens at a weighted average price of $0.2665, worth about $2 million.In addition, the company stated earlier this month that it plans to deploy 3,500 Dogecoin mining machines by the end of the year through its upcoming acquisition of the mining company Dogehash, and to strengthen its leadership team, appointing Jordan Jefferson, CEO of DogeOS and head of MyDoge, and Alex Hoffman, head of the DogeOS ecosystem, to its cryptocurrency advisory board this week.

ChainCatcher news, according to PRNewswire, Donald Trump Jr. has invested in the social media company Thumzup Media Corporation, which holds cryptocurrency reserves. The company released a shareholder letter stating that it has spent $1 million to purchase Bitcoin, while its board has authorized the acquisition of additional cryptocurrencies such as DOGE, LTC, SOL, XRP, ETH, and USDC. Additionally, it has reached a final agreement to purchase 2,500 DOGE mining machines, with a possibility of acquiring an additional 1,000 mining machines later.

ChainCatcher news, according to The Block, Thumzup (NASDAQ: TZUP) will acquire Dogehash Technologies in an all-stock deal. This acquisition appears to be one of Thumzup's moves towards a new direction in cryptocurrency mining.Dogehash is an industrial-scale blockchain mining company focused on the Scrypt algorithm used by Dogecoin and Litecoin. According to the terms of the agreement, Dogehash's shareholders will exchange all their shares for 30.7 million shares of Thumzup. The company will be renamed "Dogehash Technologies Holdings, Inc." and will trade on NASDAQ under the new ticker symbol "XDOG." The transaction is expected to be completed by the end of this year.It is reported that Donald Trump Jr., the eldest son of Trump, disclosed in July 2025 that he purchased 350,000 shares of Thumzup, valued at approximately $3.3 million to $4.3 million, based on a recommendation from an investment advisor. He has no operational or advisory role in the company, serving only as a shareholder.

Donald Trump’s eldest son, Donald Trump Jr., has announced that Thumzup Media Corporation, a social media company investing in cryptocurrency reserves, has completed a $50 million stock placement financing at a price of $10 per share. The net proceeds will be used for the accumulation of cryptocurrency and mining equipment, working capital, and general corporate purposes. Dominari Securities LLC acted as the exclusive placement agent for this offering.

ChainCatcher news, according to PR Newswire, Thumzup Media Corporation, a Nasdaq-listed company in which Donald Trump Jr. has invested and holds cryptocurrency reserves, announced a public offering price of $10 per share to issue pre-funded warrants to certain investors in lieu of common stock, with a total fundraising amount expected to be $46.5 million. The transaction is expected to be completed around August 12, 2025, subject to customary closing conditions.The company intends to use the net proceeds from this offering to purchase cryptocurrencies and mining equipment, for working capital, and for general corporate purposes.

ChainCatcher news, Nasdaq-listed Thumzup Media Corporation announced that its board has approved the authorization for the company to invest $250 million in cryptocurrencies. The cryptocurrencies intended for investment at this stage include: BTC, ETH, SOL, XRP, DOGE, LTC, and USDC, aiming to diversify its cryptocurrency portfolio.Thumzup previously disclosed that Donald Trump Jr., the son of U.S. President Donald Trump, holds 350,000 shares of the company.

ChainCatcher news, according to The Block, Nasdaq-listed Thumzup Media Corporation announced that it is expanding its corporate financial strategy from Bitcoin to a variety of digital assets including Ethereum (ETH), Solana (SOL), XRP, Dogecoin (DOGE), Litecoin (LTC), and the stablecoin USDC issued by Circle. It also revealed that Donald Trump Jr., the son of the U.S. President, holds 350,000 shares of the company, valued at approximately $4 million at current market value.Previously, the Thumzup board had approved allocating up to 90% of its liquid assets to cryptocurrencies, holding 19,106 BTC as of July 8.

ChainCatcher news, according to Investing.com, the publicly traded company Thumzup Media Corporation (NASDAQ: TZUP) announced a final agreement with investors for a registered direct offering of $6.5 million.Under the terms of the agreement, investors will purchase up to 1,083,333 shares of common stock at a price of $6.00 per share, which includes convertible Series C preferred stock. Thumzup plans to use the proceeds for general corporate purposes and to explore accumulating more cryptocurrency.

ChainCatcher news, Nasdaq-listed Thumzup Media Corporation announced that it has submitted an amendment to its "universal shelf" registration statement S-3 to the U.S. Securities and Exchange Commission (SEC), increasing the maximum total offering amount from $200 million to $500 million.Once effective, this increased registration statement will allow Thumzup to raise up to $500 million in funds to increase working capital and further advance its Bitcoin (BTC) acquisition strategy. The company's board of directors had previously authorized Thumzup to allocate up to 90% of its liquid assets to BTC as part of its capital management strategy.According to the terms of the offering, Thumzup may raise funds through one or more offerings within three years after the registration statement becomes effective, using various securities, including common stock, preferred stock, warrants, debt securities, purchase contracts, and/or units.

ChainCatcher news, according to documents from the U.S. Securities and Exchange Commission (SEC), Nasdaq-listed Thumzup Media Corporation has submitted an S-3 registration statement to the SEC, planning to raise up to $200 million through the issuance of common stock, preferred stock, warrants, and unit securities.The documents indicate that Thumzup plans to use the raised funds for general corporate purposes, including purchasing Bitcoin as a primary reserve asset and for operating capital. As of March 31, 2025, the company holds approximately 19.106 Bitcoin.

ChainCatcher news, Thumzup Media Corporation (NASDAQ: TZUP) has issued a letter to its shareholders outlining the significant achievements the company has made in 2024 and its strategic vision for the future.The shareholder letter mentions that, based on Thumzup's strategic focus on cryptocurrency, Thumzup also received board approval on January 17 to allocate up to 90% of the company's liquid assets to Bitcoin. This decision highlights Thumzup's commitment to leveraging Bitcoin not only as a payment method but also as a crucial component of Thumzup's financial asset strategy. To continuously innovate and enhance user choices, Thumzup strategically acquired 19.106 BTC, with an investment amount of $2,000,020.

ChainCatcher News, American social media brand Thumzup (NASDAQ: TZUP) announced that the company's board has authorized holding 90% of the remaining cash in the form of Bitcoin.It is reported that Thumzup announced on November 15, 2024, that Bitcoin would be part of its financial asset strategy, and on January 6, 2025, it purchased $1 million worth of BTC, with plans to continue accumulating Bitcoin.Thumzup also plans to start paying gig economy workers' wages in BTC in the coming weeks.

ChainCatcher news, according to an official announcement, social media brand and programmatic marketing solutions company Thumzup Media Corporation (NASDAQ: TZUP) has announced that it has purchased 9.783 bitcoins for approximately $1 million, at an average price of $102,220 per bitcoin. The Coinbase Prime platform serves as the custodian, providing self-custody wallet services for Thumzup's BTC.The announcement states that the company's management is requesting the board's authorization to hold up to 90% of its liquid assets in the form of bitcoin to facilitate ongoing purchases of bitcoin, as part of its fiscal asset strategy announced on November 15, 2024. Thumzup expects to begin paying gig-economy workers in BTC in the coming weeks, while complying with all applicable laws and regulations.

ChainCatcher news, according to Bitcoin Magazine, publicly traded company Thumzup Media Corp announced that it will adopt Bitcoin as a treasury reserve asset, with the company's board approving the purchase of up to $1 million in Bitcoin.It is reported that Thumzup Media Corp is engaged in the social media branding and marketing industry. The company operates in a single business area, namely social media marketing.