Thumzup® Makes Initial Purchase of DOGE Amid Anticipated Launch of DOGE ETFs

Core Insights - Thumzup Media Corporation has made its first open-market purchase of Dogecoin, acquiring approximately 7.5 million tokens valued at around $2 million at a weighted average price of $0.2665, following a $50 million capital raise at $10 per share [1][2] - The anticipated launch of Dogecoin exchange-traded funds (ETFs) is expected to enhance institutional access and recognition of Dogecoin as a significant digital asset [1][2] - Thumzup is expanding its involvement in the Dogecoin ecosystem through the proposed acquisition of DogeHash, which operates 2,500 advanced mining rigs and has an additional 1,000 units on order [2][3] Company Strategy - The recent Dogecoin accumulation, along with mining initiatives and treasury strategy, reflects Thumzup's commitment to Dogecoin's evolution as both a community currency and a productive digital asset [2] - The company aims to strategically expand its treasury strategy to include leading cryptocurrencies such as Bitcoin, Dogecoin, and others, reinforcing its commitment to financial agility and innovation [4] Leadership Expansion - Thumzup has strengthened its leadership team by appointing Jordan Jefferson, CEO of DogeOS, and Alex Hoffman, Head of Ecosystem at DogeOS, to its Crypto Advisory Board, leveraging their expertise in blockchain ecosystems [3]