Thumzup makes initial purchase of $2M in Dogecoin

Thumzup (TZUP) announced its inaugural open-market acquisition of Dogecoin, or DOGE, securing approximately 7.5 million tokens valued at roughly $2M, at a weighted average price of $0.2665. This strategic addition of DOGE to its treasury coincides with the expected launch of the first Dogecoin exchange-traded funds, or ETFs. Thumzup is increasing its Dogecoin ecosystem involvement through its proposed acquisition of DogeHash, a Dogecoin mining operation with 2,500 advanced mining rigs, with an additional 1,000 units on order, which are expected to be installed later this year. This expansion follows Thumzup’s $50M common stock offering in August 2025, priced at $10 per share. Thumzup also recently appointed DogeOS CEO and MyDoge Leader Jodan Jefferson and Alex Hoffman, Head of Ecosystem at DogeOS, to its Crypto Advisory Board.