Dogecoin News Today: Trump-Linked Thumzup Acquires Dogecoin Miner in $50M–$153.8M Stock Deal

Thumzup Media Corporation, a digital-asset company with ties to the Trump family, has finalized an all-stock acquisition of Dogehash Technologies, a leading Dogecoin mining firm. Under the terms of the deal, Dogehash shareholders will receive 30.7 million shares of Thumzup stock, valued between $50M and $153.8M, and the merged entity will be listed on the Nasdaq under the ticker "XDOG" [1]. The new company, to be named Degohash Technologies Holdings, aims to become the largest Dogecoin mining platform in the world by integrating Dogehash’s mining infrastructure with Thumzup’s growing crypto treasury and Layer-2 staking features [2].

The acquisition marks a strategic shift for Thumzup, which was previously focused on traditional online marketing before transitioning to a digital asset-focused model. The company has already begun building a corporate treasury of Bitcoin and enabling BTC payments for users, and this latest move expands its presence in the Dogecoin space. Thumzup CEO Robert Steele emphasized the goal of creating a vertically integrated ecosystem combining scalable infrastructure, renewable-powered mining operations, and utility-driven applications [3].

This development aligns with broader trends in the crypto industry, where publicly traded companies are increasingly investing in digital assets and mining operations. Thumzup’s recent $50 million funding round was specifically aimed at accelerating its expansion into crypto, including the purchase of mining hardware and the accumulation of digital assets [5]. The Trump family’s involvement has drawn attention, with analysts noting that the deal could attract heightened political and media scrutiny as it moves through regulatory approval [6].

The combined entity plans to leverage Dogecoin’s Layer-2 staking infrastructure to offer enhanced yields and liquidity for miners, potentially increasing the utility and adoption of Dogecoin in the DeFi space [8]. While no immediate changes in Dogecoin’s TVL or price volatility have been observed, the long-term success of the integration will depend on effective product deployment and regulatory compliance.

Thumzup’s stock, currently trading at $5.03, has shown significant volatility in recent months, with a 52% year-to-date gain but a 41% drop in the last 24 hours. Investors will be watching closely as the merger progresses, looking for signs of improved operational efficiency and profitability in the newly combined company [7].

This move highlights the growing convergence of traditional finance and the crypto industry, with more firms seeking to integrate digital assets into their business models. Thumzup, now positioned as a major player in the Dogecoin ecosystem, is set to play a pivotal role in shaping the future of crypto treasury management and staking protocols.

Source:

[1] [Thumzup Media Corporation](https://thumzupmedia.com/investor-relations/investor-news/news-details/2025/Thumzup-to-Acquire-Dogehash-Technologies-Inc--a-Leader-in-DOGE-Digital-Asset-Mining/default.aspx)

[2] [Yahoo Finance](https://finance.yahoo.com/news/trump-family-backed-thumzup-acquire-213204473.html)

[5] [Coinpaper](https://coinpaper.com/10603/153-8-m-dogecoin-mining-boost-as-trump-linked-thumzup-acquires-dogehash)