Trump-Tied Thumzup Raises $50M, Merges Dogecoin Mining With XRP Plans
According to a shareholder letter, Thumzup Media completed a $50 million common stock offering at $10 per share and laid out a two-part plan: expand into Dogecoin mining and put selected cryptocurrencies into a corporate treasury. Related Reading: XRP Poised For Amazon-Like Boom? Analyst Predicts $200 Rally Thumzup Raises $50 Million The new cash will help fund a pending acquisition of Dogehash Technologies, a deal that calls for Thumzup to issue 30.7 million shares to Dogehash shareholders. Once the transaction closes, the mining firm is set to be renamed Dogehash Technologies Holdings....
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According to multiple reports, Thumzup Media Corporation has provided a $2.5 million loan to DogeHash Technologies to help expand Dogecoin mining operations. Related Reading: Chinese National At Center Of Historic $6.7B Crypto Bust Pleads Guilty The cash is tied to an agreement that could turn into an all-stock acquisition, with DogeHash shareholders reportedly set to […]
Thumzup Media’s $10 million stock buyback and its move into Dogecoin mining have stirred fresh interest in DOGE, but traders are watching price action closely for confirmation before calling a rally. Related Reading: Hyperliquid’s Days Numbered? Expert Forecasts ‘Painful Death’ Market Tests Key Trend Line Reports have disclosed that DOGE recently pulled back to a demand zone that matches the 200-day exponential moving average (EMA). That area is being watched as a make-or-break spot. A solid bounce from here could push Dogecoin toward $0.29 in the near term. If buyers push through the....
American Bitcoin, a mining company tied to US President Donald Trump’s sons Eric and Donald Trump Jr., wrapped up its first day of trading on the Nasdaq with sharp swings but still managed to finish 16.75% higher at just over $8. After-hours trading pushed the stock up another 6% to $8.50, reports confirmed. Related Reading: XRP Poised For Amazon-Like Boom? Analyst Predicts $200 Rally Wild Price Swings On First Day Trading opened with a rush. The newly rebranded company, formed through a merger with Gryphon Digital Mining (GRYP), jumped as high as $13.21 from Gryphon’s previous close of....
Hut 8, a publicly traded Bitcoin (BTC) mining company with a market capitalization of approximately $1.2 billion, announced on Monday a strategic partnership with Eric Trump and Donald Trump Jr. to establish a new mining subsidiary named American Bitcoin. Hut 8 And Trump Sons Unite To Form American Bitcoin According to the press release, Hut […]
The Dogecoin network has seen a significant surge in activity following the inauguration of US President Donald Trump. Although this surge in activity cuts across the entire industry, on-chain data has revealed interesting dynamics among Dogecoin holders. These developments were brought into focus by crypto analyst Ali Martinez, who, using data from the analytics platform […]