The Trump family's crypto empire is getting bigger, and now it includes Dogecoin mining! A company with Donald Trump Jr. as a major shareholder is making a huge pivot, acquiring a Dogecoin mining firm in a multi-million dollar deal.
Here's the quick breakdown of this massive news:
The Big Pivot: Thumzup Media is abandoning its digital marketing business to acquire Dogehash Technologies, a company focused on mining Dogecoin and Litecoin.
Nasdaq Bound: The new, combined company will be rebranded as Dogehash Technologies Holdings and plans to list on the Nasdaq stock exchange under the new ticker XDOG.
More Than Mining: The new company isn't just about mining rewards. They plan to use Dogecoin's Layer 2 network for DeFi staking, aiming to boost returns and show a long-term commitment to the ecosystem.
This move shows how even high-profile, non-crypto figures are seeing the value in digital assets. It's a huge sign of mainstream adoption.
What do you think of this? Is this a bullish signal for Dogecoin and crypto, or just a new chapter for an old company? Let us know in the comments! 👇