Trump-Backed Thumzup Set to Acquire Dogehash in Game-Changing All-Stock Deal
Thumzup Media Corporation—fresh off its Trump endorsement—just dropped a bombshell acquisition that's sending shockwaves through crypto markets.
The Strategic Move
This isn't your typical corporate merger. Thumzup's grabbing Dogehash in an all-stock transaction that redefines 'meme meets mainstream.' No cash changed hands—just pure equity swapping that'd make any Wall Street suit sweat through their custom shirts.
Market Implications
The deal leverages Thumzup's advertiser network with Dogehash's meme-powered community—creating a hybrid beast that could actually monetize internet culture without relying on another goddamn NFT drop.
Because nothing says 'financial innovation' like combining political clout with dog-themed cryptocurrencies—the hedge funds must be kicking themselves for not thinking of it first while they were busy overengineering derivatives.
Thumzup brings Dogecoin mining to Wall Street
The purchase reflects how meme coins such as Dogecoin work their way into corporate thinking. Thumzup and Dogehash aim to join retail excitement with institutional capital by listing on Nasdaq under the symbol XDOG.
The combined entity will also look to scale with Layer-2 solutions such as the developing DogeOS ecosystem to increase miner returns. These instruments will enable miners to participate in staking, DeFi lending, yield-generating products, and traditional mining rewards.
Its executives say this approach to mining Dogecoin can be sustainable and profitable — even in down crypto markets. Jonathan Leong, co-founder of Dogehash, said his team had spent years securing cheap, renewable energy contracts. He added that joining Thumzup WOULD give them access to capital markets and allow them to scale independently in ways they could not achieve.
The deal has attracted attention in part because of its TRUMP tie. A backer of Thumzup is Donald Trump Jr., giving the movement a political and cultural dimension.
But the reaction on Wall Street has been fickle. After the release, Thumzup’s stock dropped more than 50% to $3.65, based on Morningstar data. The steep decline indicates that investors are wary of the risks of turning so aggressively to the business of crypto mining.
Even so, Thumzup stock is still up quite a bit for the year, lifted partly by earlier enthusiasm for its treasury-based crypto project.
Firms race to build crypto treasuries
Thumzup isn’t the only company that has pivoted to corporations. Publicly traded companies have flooded into crypto over the last two years. Strategy led the trend by purchasing billions of dollars of Bitcoin, under the direction of its chief executive, Michael Saylor. Other companies, such as American Bitcoin, Kindly MD, and Bitmine Immersion, have loaded up on Bitcoin and ethereum in their treasuries.
It’s a risky, high-stakes strategy, but it could have a big payoff if successful. And crypto assets can be highly volatile, though they might also outperform traditional holdings. Companies that get the cycles right can significantly enhance their balance sheets.
What makes ThumzUp stand out is its emphasis on Dogecoin. Regarding corporate adoption of the currency, which Bitcoin and Ethereum dominate, few firms have constructed Dogecoin-focused platforms at scale. By buying Dogehash, Thumzup is wagering that Dogecoin’s longevity — driven by a cult-like following and backed by the endorsement of celebrities like Elon Musk — will pay off.
The transaction, subject to shareholder approval and regulatory checks, is expected to be completed in the fourth quarter of 2025.
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