Thumzup Media Fuels Dogecoin Mining Expansion with $2.5M Loan; Stock Jumps

Thumzup Media (TZUP), a digital advertising company known for its aggressive foray into the crypto space, has extended a $2.5 million loan to DogeHash Technologies, a specialized Dogecoin mining firm. This capital injection is earmarked to expand DogeHash’s crypto miner fleet by 500 new ASIC rigs, boosting its total operational capacity to 4,000 mining rigs by the close of the year.

The news was met positively by investors, as Thumzup's stock (TZUP), which trades on the Nasdaq, jumped by 3.80%, closing at $5.19. The company has demonstrated strong year-to-date performance with a 45.77% return since the beginning of the year.

This strategic loan is part of Thumzup's larger commitment to the Dogecoin ecosystem. CEO Robert Steele stated, "We are enthusiastic about all the recent developments in the Dogecoin ecosystem and are looking forward to working with DogeHash to build a premier Doge mining company together."

Broader Crypto Strategy and Market Context

Thumzup's actions build upon a clearly defined corporate strategy to embrace digital assets:

• Acquisition & Holding: The company had previously announced intentions to acquire DogeHash Technologies outright and currently holds about 19.106 BTC and 7.5 million DOGE, collectively valued at approximately $4 million. Their board is authorized to hold up to $250 million in various cryptocurrencies, including ETH, XRP, SOL, and USDC.
• Share Buyback: In late September, Thumzup approved a significant $10 million stock buyback plan, following an earlier $1 million plan that saw them repurchase 212,432 shares at an average price of $4.71.

Meanwhile, Dogecoin (DOGE) continues to trade sideways at $0.27, down 68.2% from its 2021 all-time high of $0.7316. While celebrity endorsement from Elon Musk—who even created the "Department of Government Efficiency (DOGE)" with the backing of Donald Trump—has yet to push the meme coin toward the highly anticipated $1 mark, institutional interest is rising. The recent listing of the first US-based Dogecoin ETF (DOJE) by Rex-Osprey, with applications from major players like Grayscale and Bitwise still pending, has analysts predicting a potential catalyst for future price rallies.

September 2025, Cryptoniteuae