Thumzup Media Corporation(NASDAQ: TZUP) has authorized a $10 million share repurchase program running through the end of 2026, expanding on its recently completed $1 million buyback. The company announced it had already repurchased 212,432 shares at an average price of $4.71 each as of September 19.
The board-approved program signals confidence in Thumzup’s long-term strategy, which blends digital asset accumulation with infrastructure investment. “We believe our balanced approach positions us well for sustained growth,” said CEO Robert Steele.
Thumzup eyes DogeHash acquisition
Alongside the buyback, the company disclosed updates to its digital asset treasury. Thumzup currently holds 19.106 Bitcoins and approximately 7.5 million Dogecoins. The firm has also signed a definitive agreement to acquire DogeHash Technologies, a Dogecoin mining company operating 2,500 rigs with another 1,000 scheduled for delivery this year.
The DogeHash acquisition remains subject to shareholder and Nasdaq approvals, along with the usual legal fine print. If it goes through, the deal would expand Thumzup’s footprint in crypto mining and digital asset management.
A proxy statement will be filed with the SEC ahead of the vote, and shareholders will receive additional materials related to the proposed acquisition in the coming weeks.
Also read: Thumzup Adds Jordan Jefferson to Crypto Advisory Team
