Thumzup Media invests $1 million in Bitcoin, Ether, and other altcoins

Trump family-backed Thumzup Media announced on Friday that it bought $1 million worth of Bitcoin, Ether, Dogecoin, XRP, and Solana as part of a major crypto ￰0￱ company, which went public on Nasdaq in October with an $8.2 million raise at $5 per share, is now moving into mining and treasury asset strategies, according to a shareholder ￰1￱ also signed a deal to acquire DogeHash Technologies, a mining company operating 2,500 Dogecoin rigs, with 1,000 more on the way, but that agreement is awaiting shareholder approval. Thumzup’s move comes after a series of crypto investments earlier this ￰2￱ January, the board approved its first $1 million Bitcoin purchase, followed by a second one weeks ￰3￱ June, Thumzup had allegedly secured a $6.5 million raise at $6 per share, locking in funding from strategic investors through a new partnership with Dominari Securities, a crypto-focused investment ￰4￱ in August, Thumzup closed a much larger $50 million stock offering at $10 per share, also through ￰5￱ prepares Dogecoin mining expansion with DogeHash deal The shareholder letter claims that DogeHash’s current 2,500 miners are already online, and another 1,000 units, described as “best in class,” have been ordered and will arrive by ￰6￱ mining rigs are not all Antminer L9s, but Bitmain’s specs on similar equipment show a hash rate of 16 GH/s per machine, consuming 3,360W.

Using Bitmain’s calculator, the company estimates that 3,500 machines could produce between $22.7 million and $103.2 million annually, depending on DOGE price, currently at $0.22. This deal would drop Thumzup directly into a global crypto mining market worth $10.5 billion, expected to grow to $22.6 billion by 2035, with a compound annual growth rate of 8.9%, based on projections from Business Research ￰7￱ letter said the acquisition could outperform Thumzup’s original ad platform in terms of returns and would reduce the company’s need for future outside ￰8￱ and CEO Robert Steele wrote, “This transaction puts Thumzup on a high-confidence trajectory to significant shareholder value creation.” Steele said the company expects to grow its mining fleet beyond 3,500 units using funds from the recent offering, aiming to raise the firm’s overall revenue run rate into 2026 and ￰9￱ policy, Coinbase partnership and new advisory board back crypto strategy President Donald Trump signed an executive order backing ￰10￱ in financial ￰11￱ order launched a national Bitcoin reserve and rolled out the Genius Act, which encouraged more public firms to hold crypto and participate in blockchain ￰12￱ than 100 public companies have since adopted treasury strategies involving ￰13￱ least 40 miners are now listed, with the top three, MARA Holdings, CleanSpark, and Riot Platforms, valued at $5.6 billion, $4.5 billion, and $3 billion, respectively.

Meanwhile, companies like Bitmine Immersion Technologies have surged to billion-dollar valuations in ￰14￱ wants in on that ￰15￱ now holds Dogecoin , Solana, XRP, Ether, Litecoin, and USDC, alongside ￰16￱ this May, Thumzup partnered with Coinbase Prime for access to institutional trading, custody, and a Bitcoin-backed credit ￰17￱ company also formed a crypto advisory board to guide ￰18￱ first appointee is Alex Hoffman, head of ecosystem at DogeOS, a Dogecoin application ￰19￱ leads ecosystem development and partnerships at DogeOS, helping users and firms use DOGE for staking, lending, and other strategies that generate yield. “We’re focused on helping Dogecoin holders get more utility from their assets,” Hoffman ￰20￱ board members are expected soon, per the shareholder ￰21￱ your project in front of crypto’s top minds?

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