Thumzup Media completed a $50 million common stock offering at $10 per share to fund a strategic shift into cryptocurrency mining. The company disclosed a pending acquisition of Dogehash Technologies that would involve issuing 30.7 million shares to Dogehash shareholders and renaming the mining arm Dogehash Technologies Holdings with a proposed Nasdaq XDOG ticker upon closing. Part of the new capital will buy 1,000 mining machines to support an 'aggressive' Dogecoin mining push, though delivery and deployment timelines were not specified. Thumzup’s board approved building a diversified corporate crypto treasury that will include XRP, Dogecoin, Solana, Ethereum, Litecoin and USDC, but the company gave no firm token-amounts. Earlier in the year the company purchased $1 million in Bitcoin and then made an additional $1 million purchase later that month. The shareholder letter framed the strategy as consistent with President Trump’s stated support for boosting American crypto activity, and observers will watch the Dogehash closing, rig deployment, and crypto-treasury purchases.

Total raised

$50M

Funding rounds

1

Latest round

Equity

Latest activity

Sep 2025