According to BlockBeats, Thumzup, a media company partially owned by U.S. President Donald Trump's eldest son, has announced a significant investment in cryptocurrencies. The company has purchased $1 million worth of Bitcoin and its board has authorized further investments in various cryptocurrencies including DOGE, LTC, SOL, XRP, ETH, and USDC. Additionally, Thumzup plans to acquire 2,500 DOGE mining machines, with the possibility of purchasing an additional 1,000 machines in the future.
Previously, BlockBeats reported that on August 20, Thumzup agreed to acquire Dogehash Technologies through an all-stock transaction. Following the acquisition, the company will be renamed "Dogehash Technologies Holdings, Inc." and will trade on Nasdaq under the new ticker symbol "XDOG." This transaction is expected to be completed by the end of the year. Dogehash Technologies is partnered with mining machine manufacturer ElphaPex.
