Thumzup Media Announces $10 Million Share Buyback and Strategic Expansion into Cryptocurrency Infrastructure

Thumzup Media Corporation has received board approval for a $10 million share repurchase program that will continue through December 31, 2026, demonstrating the company's confidence in its evolving business strategy. This new program follows the completion of a previous $1 million share buyback in September 2025, during which the company repurchased 212,432 shares at a weighted average price of $4.71 per share. The company's stock opened at $5.39 per share on September 26, 2025.

Robert Steele, chief executive officer of Thumzup, stated that the share repurchase decision reflects confidence in the company's long-term strategy and commitment to delivering shareholder value. He emphasized that Thumzup's balanced approach combines strategic accumulation of digital assets with investment in underlying infrastructure, positioning the company for sustained growth. This announcement comes as Thumzup continues to evolve from its origins as a digital advertising company toward becoming a digital asset infrastructure and treasury company.

The company's transformation includes significant moves into the cryptocurrency space. Thumzup recently closed a $50 million offering with proceeds earmarked for digital asset accumulation and mining expansion. The company operates a social media marketing platform with a consumer-facing app that enables users to get paid cash for posting about participating advertisers on major social media outlets through the Thumzup App. Advertisers can programmatically customize their campaigns using the company's easy-to-use dashboard, while cash payments are made to app users through PayPal and other digital payment systems.

Thumzup's expansion in digital assets coincides with the cryptocurrency market's increasing mainstream adoption, driven by growing institutional participation and anticipated regulatory clarity. Investor interest has been fueled by diversification strategies, inflation hedging, and speculation around potential Federal Reserve interest rate cuts. Steele noted that as the U.S. federal government moves toward more crypto-friendly policies and greater regulatory clarity, Thumzup remains committed to staying at the forefront of transformative technology.

The company is further demonstrating its commitment to cryptocurrency through a definitive agreement to acquire Dogehash Technologies, Inc., a Dogecoin mining firm with approximately 3,500 mining rigs and expansion capabilities. Thumzup has provided DogeHash Technologies with a $2.5 million loan ahead of the pending acquisition, with funds expected to expand Dogecoin mining capacity and accelerate deployment of next-generation ASIC miners. This financing could support the addition of more than 500 new ASIC miners, potentially bringing the total operational rigs to over 4,000 later this year.

Many companies are pursuing Dogecoin due to its popularity and unique characteristics, including fast block times, low transaction fees, and an inflationary but predictable issuance that resembles global fiat currency supply dynamics. The DOGE ETF saw record inflows on its first trading day, reflecting strong market interest. Dogecoin ranks among the top ten largest cryptocurrencies by market capitalization and consistently records billions of dollars in daily trading volume.

If completed, the Dogehash acquisition would accelerate Thumzup's strategic evolution and strengthen its position as a fast-scaling Dogecoin mining venture. Steele explained that the company's vision extends beyond efficient mining of Dogecoin and Litecoin to exploring utility-driven use cases that leverage Dogecoin's fast settlement and low fees for everyday payments and rewards. This content was originally published on Benzinga, providing additional context for investors following the company's transformation.