Dogecoin, Bitcoin Treasury Firm Thumzup Weighs Paying DOGE Rewards

Core Insights - Thumzup Media is exploring the integration of Dogecoin (DOGE) reward payments into its app to enhance user experience and reduce transaction fees [1][2] - The CEO of Thumzup highlighted that successful integration of DOGE could improve unit economics and attract a wider crypto-friendly creator base [2] - The company has previously connected with Dogecoin by considering expansions of its Bitcoin treasury into alternative digital assets [3] Company Developments - Thumzup raised $50 million to expand its digital asset treasury and agreed to acquire Dogecoin mining firm Dogehash in an all-stock deal [3] - A $2.5 million loan was provided to Dogehash to enhance its Dogecoin mining suite ahead of the acquisition [4] - Thumzup's stock (TZUP) experienced a decline of over 5%, closing at $5.00, despite a year-to-date gain of approximately 46% and a recent announcement of a $10 million stock buyback program [4] Market Context - Dogecoin (DOGE) is currently trading at $0.197, having decreased by around 3% in the last 24 hours and 24% over the past week, marking it as the largest loser among the top 10 assets [5] - The current price of DOGE is 73% lower than its all-time high of $0.73 reached in 2021 [5]