Dogecoin Mining Gets $2.5M Boost From Trump-Linked Thumzup Media
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 […]
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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....
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....
Trump Media and Technology Group, the parent company behind Truth Social, has now completed a $105 million purchase agreement with popular digital exchange Crypto.com. This development follows the previous announcement of the Trump Media Group CRO Strategy Inc. to build a $6.42 billion CRO treasury. Related Reading: Bitcoin Buying Frenzy Ahead As Eric Trump Predicts […]
At the same time, one has to wonder if Trump can deliver on his promise to "Make America Great Again". The impending inauguration of Donald Trump will send shockwaves through the global financial sector. Some experts feel gold prices will soar, depending what Trump says during his speech. At the same time, Bitcoin’s value could go up by quite a margin as well. Safe-haven assets will be in high demand moving forward, that much seems to be a foregone conclusion. Trump’s inauguration is getting a lot of media attention right now. With just a few days until this event happens, the....
The TRUMP Memecoin team has clarified some misconceptions about the potential surprises at an upcoming dinner hosted by US President Donald Trump and addressed rumors about the alleged requirements for an invitation to the event. Related Reading: Linked To ICO Scams? Pump.Fun Co-Founder Accused Of Rug Pulls In 2017 – Report TRUMP Memecoin Holders To […]