Thumzup Buys $2M of DOGE as First Dogecoin ETF Launches in U.S.

Thumzup Media Corporation has announced the first-of-its-kind, open-market acquisition of Dogecoin (DOGE), securing approximately 7.5 million tokens valued at roughly $2 million, with an average price of $0.2665 each.  According to the official announcement, Thumzup is getting more involved in the Dogecoin ecosystem with the proposed acquisition of DogeHash, a Dogecoin mining operation with 2,500 advanced mining rigs. It also has an additional 1,000 units on order that are expected to be installed later this year.

This growth follows Thumzup’s successful $50 million common stock offering in August 2025, which sold shares at $10 each. The money will be used to buy more cryptocurrencies and high-performance DOGE mining rigs. The acquisition of DOGE, described by Thumzup as a strategic addition to its treasury, has also coincided with the launch of the latest DOGE exchange-traded funds (ETFs) by REX-Osprey. 

“Dogecoin’s increasing recognition, supported by the expected launch of DOGE ETFs, is a transformative moment for the entire digital asset landscape,” said Robert Steele, Chief Executive Officer of Thumzup. “Our recent Dogecoin accumulation, combined with our mining initiatives and treasury strategy, reinforces our commitment to supporting Dogecoin’s evolution as both a community cy and a productive digital asset.”

To strengthen its market presence, Thumzup is also making its leadership team stronger. The firm recently added DogeOS CEO and MyDoge Leader Jordan Jefferson and Alex Hoffman, Head of Ecosystem at DogeOS, to its Crypto Advisory Board.