Trump Jr.'s crypto stock pick crashes 45%, Thumzup Media Corporation's market value plummets following Dogehash acquisition announcement.

Donald Trump Jr.'s investment in Thumzup, a digital marketing firm, has seen its stock price drop 45% after the company announced a deal to buy Dogehash Technologies, a crypto miner focused on Dogecoin and Litecoin. The acquisition will see Dogehash shareholders receive 30.7 million shares of Thumzup. Trump Jr.'s stake in the company has brought political attention to Thumzup's crypto ambitions, with some speculating that the Trump family connection could boost the stock.

Thumzup Media Corporation (TZUP), a digital marketing firm with a recent crypto treasury play backed by Donald Trump Jr., has announced its intention to acquire Dogehash Technologies, a crypto miner focused on Dogecoin and Litecoin. The acquisition, an all-stock deal, is part of Thumzup's strategic expansion into crypto mining.

According to the terms of the agreement, Dogehash shareholders will exchange 100% of their holdings for 30.7 million shares of Thumzup stock. The combined company will be renamed "Dogehash Technologies Holdings, Inc." and will trade on the Nasdaq under the new symbol "XDOG." The deal is expected to close by the end of the year [1].

Thumzup's stock price has seen a significant drop, down over 45% since the announcement. The company's stock was trading at $5.89 at press time, down from its peak of $9.80 in June 2025. However, the stock remains up 132.77% over the past six months [1].

The acquisition is part of Thumzup's new direction into crypto mining. The company plans to use capital from a $50 million all common stock offering to put assets like BTC, ETH, DOGE, LTC, and XRP on its balance sheet while also funding a new mining division. Thumzup aims to leverage Dogecoin Layer-2 infrastructure via staking in DeFi products within the DogeOS ecosystem to enhance miner economics and amplify yield beyond base block rewards [1].

DogeHash currently has 2,500 Scrypt ASIC miners in operation in North America using mostly renewable electricity sources. The company plans to expand this fleet and expects to materially increase its production by year-end and throughout 2026 [2].

The acquisition brings political attention to Thumzup's crypto ambitions, with some speculating that the Trump family connection could boost the stock. However, the company's performance will ultimately depend on its ability to execute its strategic plans and deliver on its promises [3].

Investors should closely monitor the deal's progress and Thumzup's financial performance as the company navigates its new direction into crypto mining.

References:
[1] The Block. (2025). Thumzup to Acquire Dogehash Technologies Inc. [https://www.tradingview.com/news/the_block:0366ecd65094b:0-trump-jr-backed-thumzup-crypto-treasury-company-pursues-all-stock-deal-with-dogecoin-and-litecoin-miner/](https://www.tradingview.com/news/the_block:0366ecd65094b:0-trump-jr-backed-thumzup-crypto-treasury-company-pursues-all-stock-deal-with-dogecoin-and-litecoin-miner/)
[2] PR Newswire. (2025). Thumzup to Acquire Dogehash Technologies Inc. [https://www.prnewswire.com/news-releases/thumzup-to-acquire-dogehash-technologies-inc-a-leader-in-doge-digital-asset-mining-302533129.html](https://www.prnewswire.com/news-releases/thumzup-to-acquire-dogehash-technologies-inc-a-leader-in-doge-digital-asset-mining-302533129.html)
[3] RTTNews. (2025). Thumzup Buys Dogehash Technologies in All-Stock Deal. [https://www.nasdaq.com/articles/thumzup-buy-dogehash-technologies-all-stock-deal](https://www.nasdaq.com/articles/thumzup-buy-dogehash-technologies-all-stock-deal)