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Trump Sons Affiliate Thumzup Media Purchases 7.50 million Dogecoin

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2025-09-17 22:55:44
Thumzup Media (ticker TZUP) bought about 7.50 million Dogecoin in the initial public market, totaling about $2 million, with an average price of $0.2665 per piece. The company plans to deploy 3,500 Dogecoin mining equipment by the end of the year through the acquisition of Dogehash, and appoint DogeOS CEO Jordan Jefferson and head of ecology Alex Hoffman as members of the crypto advisory board. In January, Thumzup invested $1 million in bitcoin and was authorized by the board to hold up to $250 million in crypto assets. According to Bloomberg, Donald Trump Jr. holds 350,000 shares in the company for investment purposes only and is not involved in day-to-day operations. After the announcement of the purchase, the company's share price rose by about 4.5% after hours.
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