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Trump Jr.-Linked Thumzup Stock Sinks 7.7% After $2M Dogecoin Bet
Yahoo Finance·2025-09-18 21:32

Thumzup Media Corporation’s stock fell sharply on Wednesday after the company disclosed a 2millioninvestmentinDogecoin,showingitsdeepeninginterestincryptocurrenciesanddigitalassetinfrastructure.TheNasdaqlistedfirmannouncedonThursdaythatithadpurchasedabout7.5millionDogecointokensataweightedaveragepriceof2 million investment in Dogecoin, showing its deepening interest in cryptocurrencies and digital asset infrastructure. The Nasdaq-listed firm announced on Thursday that it had purchased about 7.5 million Dogecoin tokens at a weighted average price of 0.2665, marking its first open-market DOGE acquisition. The move comes as Thumzup prepares to expand into large-scale Dogecoin mining through its pending acquisition ...