Thumzup Media Corp, supported by Trump's eldest son, announced in its latest shareholder letter that it is officially transforming into a player in the cryptocurrency industry. The company completed a $50 million all-stock fundraising this year, strengthening its balance sheet, and has purchased $1 million in Bitcoin, with authorization for further allocations in DOGE, LTC, SOL, XRP, $ETH, and USDC.
The core acquisition target is DogeHash Technologies, a professional mining company operating 2,500 mining machines, with another 1,000 in use for Dogecoin.
If $DOGE maintains at $0.22, the company estimates annual revenue could reach $22.7 million; if it rises to $1, revenue could exceed $100 million, Thumzup stated, if Dogecoin's market cap surpasses $36 billion and the number of user wallets exceeds 5 million.
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