Trump embraces Dogecoin: Affiliated company Thumzup acquires Doge Minera

By Hannah Pérez

Thumzup, with a cryptocurrency treasury and backed by the Trump family, is buying the Minera Dogehash Technologies to start undermining Doge. It is not the only company with crypto treasury backed by the Trump.

***

• Thumzup, backed by the Trump family, announced the purchase of the Dogehash Technologies mining.
• Doge will begin to undermine and take advantage of the memecoin for additional yields.
• The company adopted this year a cryptocurrency treasury strategy.
• It is not the only company with a cryptocurrency treasury that is backed by the Trump.

---

The Trump family –of the president of the United States– is hugging the greatest Memecoin of puppy

The social networks company Thumzupwhich recently announced a cryptocurrency treasury strategy and is supported by the children of Donald Trump, prepares to venture into the mining of Dogecoin (Doge) with the acquisition of a mining company.

In a press release this week, Thumzup He announced the signing of a series of agreements to acquire Dogehash Technologiesa company specialized in cryptocurrency mining based on algorithm Scryptas Dogecoin and Litecoinin a transaction completely in actions.

Depending on the agreement, the shareholders of Dogehash will exchange 100% of their participations for a combined total of 30.7 million shares of Thumzupaccording to companies In the joint statement. The miner will be called “Degohash Technologies Holdings “ and will quote on the Nasdaq stock exchange under the “XDOG” symbol.

Agreement to undermine Dogecoin

Taking advantage of the existing infrastructure of Dogehash, –which includes approximately 2,500 ASIC SCRYPT mining equipment in North America–the new company resulting from the agreement seeks to become a world leading platform in mining of Dogecoin, According to the statement. The plans are to expand operations by 2026.

In addition to mining, the company plans to use the layer 2 (L2) infrastructure Dogecoin –through decentralized finance products (DEFI) in the ecosystem Dogeans– To improve the economy of the miners and increase yields beyond block rewards, the parties indicated in the statement.

The transaction is expected to close in the fourth quarter of 2025, subject to the approval of the shareholders and other usual conditions.

Thumzup Adopt cryptocurrency strategy

Founded in 2020, Thumzup It is an online marketing company that pays social networks users to promote brands among their followers. Earlier this year, he adopted a corporate strategy focused on cryptocurrencies, accumulating Bitcoin for your treasury and allowing payments in that cryptocurrency to its users.

The agreement occurs a few weeks after Thumzup will raise USD $ 50 million to expand its corporate strategy focused on cryptocurrencies. The company said it planned an aggressive expansion towards mining and the acquisition of Tokens digital

This collection was the result of an offer of shares at a price of USD $ 10 By action, where Donald Trump Jr., son of the president of the United States. The Block.

“This accelerates our evolution from a digital marketing platform to a diversified company infrastructure and digital treasury“He said Robert SteeleCEO of Thumzupin this week’s statement.

Our vision is not only in mine Dogecoin and Litecoin efficiently, but also in exploring use cases based on the utility that take advantage of the rapid liquidation and low Dogecoin commissions for daily payments and rewards.

Trump family supports other crypto treasury

Efforts to venture into cryptocurrencies Thumzup They are not isolated, and are part of a broader trend of public companies to build financial strategies with the new asset class.

Companies like Metaplenet and XXI They have been accumulating aggressively Bitcoins for your treasury, while Bitmine and Sharplink They have chosen Ethereum as its main treasury asset, replicating the pioneering model of Strategy with Bitcoin. Another smaller group has resorted to Altcoins as Solarium and until the Memecoin Doge for your treasury.

The Trump family supports several public companies with cryptocurrency treasury strategies, including cryptocurrency mining company, American Bitcoinand the social media and entertainment company, Trump Media.

---

Hannah Estefanía Pérez / Diariobitcoin

Image of Unspash

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.