Thumzup Media Announces $10 Million Share Buyback and Strategic Expansion into Cryptocurrency Mining

Thumzup Media Corporation has announced a $10 million share repurchase program approved by its board, demonstrating the company's confidence in its evolving business strategy. The buyback program, which extends through December 31, 2026, follows a previously completed $1 million share repurchase program that concluded in September 2025. According to company records, Thumzup had repurchased 212,432 shares for approximately $1 million at a weighted average price of $4.71 per share prior to this new announcement.

Robert Steele, chief executive officer of Thumzup, stated that the share repurchase decision reflects confidence in the company's long-term strategy and commitment to delivering shareholder value. The company's balanced approach combines strategic accumulation of digital assets with investment in cryptocurrency infrastructure, positioning Thumzup for sustained growth. This announcement comes as the company continues to evolve from its original advertising technology business model.

Thumzup's transformation includes significant moves into the cryptocurrency space. The company recently closed a $50 million offering with proceeds designated for digital asset accumulation and mining expansion. This strategic shift coincides with growing institutional participation in cryptocurrency markets and anticipated regulatory clarity from U.S. federal authorities. The company's expansion into digital assets reflects broader market trends driven by diversification strategies, inflation hedging considerations, and speculation around potential Federal Reserve interest rate cuts.

A key component of Thumzup's cryptocurrency strategy involves the pending acquisition of Dogehash Technologies, Inc., a Dogecoin mining company operating approximately 3,500 mining rigs. The all-stock deal remains subject to customary closing conditions, including shareholder approval. In preparation for the acquisition, Thumzup has provided DogeHash Technologies with a $2.5 million loan to expand Dogecoin mining capacity and accelerate deployment of next-generation ASIC miners.

The financing is expected to support the addition of more than 500 new ASIC miners, potentially bringing the total operational rigs to over 4,000 later this year. Company executives describe this move as strengthening Thumzup's position as a fast-scaling Dogecoin mining venture. Dogecoin has gained significant popularity among cryptocurrency investors, with the DOGE ETF seeing record inflows on its first trading day, according to market data.

Dogecoin's appeal stems from its fast block times, low transaction fees, and predictable inflationary issuance that resembles global fiat currency supply dynamics. The cryptocurrency consistently ranks among the top ten largest digital assets by market capitalization and records billions of dollars in daily trading volume. Thumzup's strategic focus on Dogecoin mining represents a calculated bet on the cryptocurrency's continued relevance and utility in the digital asset ecosystem.

If completed, the Dogehash Technologies acquisition would accelerate Thumzup's transformation from a digital advertising company to a digital asset infrastructure and treasury company. Steele emphasized that the company's vision extends beyond efficient mining of Dogecoin and Litecoin to include exploration of utility-driven use cases that leverage Dogecoin's fast settlement and low fees for everyday payments and rewards. This strategic direction represents a significant evolution for a company that originally operated a social media marketing platform enabling consumers to earn cash for posting about participating advertisers.

The combination of share repurchases and strategic cryptocurrency investments positions Thumzup as an emerging force in the digital asset marketplace. With growing cryptocurrency treasury holdings and expanded mining capabilities, the company aims to capitalize on the increasing mainstream adoption of digital assets while delivering value to shareholders through multiple strategic initiatives.