filing<\/a> with the U.S. Securities and Exchange Commission (SEC), the Los Angeles-based company disclosed its first open-market acquisition of Dogecoin, buying roughly 7.5 million DOGE for about $2 million at an average price of $0.2665 per token.<\/p>\nThe purchase is part of its broader strategy to build a dedicated Dogecoin treasury after the firm raised $50 million through a stock offering in August, earmarking those proceeds for digital assets accumulation and high-performance DOGE (DOGE) mining equipment.<\/p>\n
Thumzup Media added that it is also advancing plans to acquire DogeHash, a mining operation running 2,500 high-end rigs with another 1,000 slated for installation later this year as part of its expansion plans.\u00a0<\/p>\n
<\/p>\n
To guide that expansion, Thumzup has strengthened its crypto advisory board, announcing the addition of Jordan Jefferson, CEO of DogeOS and a co-founder of the MyDoge wallet, along with Alex Hoffman, Head of Ecosystem at DogeOS. The company said the two bring deep experience in Dogecoin infrastructure, decentralized wallets, and layer-two scaling expertise aimed at shaping Thumzup\u2019s treasury and mining initiatives as it builds out its DOGE ecosystem.<\/p>\n
The latest purchase now positions the memecoin as a major asset in Thumzup\u2019s broader crypto portfolio, which also includes Bitcoin (BTC), ETH (ETH), SOL (SOL), XRP (XRP), and LTC (LTC).\u00a0<\/p>\n
Dogecoin treasury push gains traction<\/h2>\n
CleanCore Solutions continues to lead the Dogecoin accumulation trend, recently surpassing 500 million DOGE on its way to a 1 billion DOGE target. The firm disclosed a $130 million purchase in early September, bringing it roughly halfway toward its goal to hold about 5% of Dogecoin\u2019s total supply within the coming weeks.<\/p>\n
Another firm Bit Origin is also making a high-profile entry into Dogecoin reserves. The company recently announced plans to allocate a significant portion of its corporate treasury to DOGE, with aims to become one of its top holders. While exact figures were not disclosed, Bit Origin said it views Dogecoin as a long-term strategic asset for diversification and growth.<\/p>\n
On the institutional front, the much-anticipated REX-Osprey Dogecoin ETF (DOJE) is awaiting regulatory green light, with launch expected in the coming days after several postponements. <\/p>\n
Meanwhile, the OG memecoin is seeing strong price action on the back of recent developments. The wave of treasury buying and anticipation around the first exchange-traded fund has pushed the token higher, trading near $0.27 at the time of writing. DOGE is up roughly 4.78% in the past 24 hours, and the day\u2019s gains have lifted its weekly performance to about 12% and nearly 18% on the past month.<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Thumzup Media has made a fresh multi-million purchase to boost its Dogecoin treasury, signaling a deeper commitment to the memecoin. Summary Thumzup Media has purchased 7.5 million DOGE, deepening its…<\/p>\n","protected":false},"author":1,"featured_media":9892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11121","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11121","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=11121"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11121\/revisions"}],"predecessor-version":[{"id":11122,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11121\/revisions\/11122"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/9892"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=11121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=11121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=11121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}