Thumzup Media Corporation (TZUP) saw its stock price rise by 5.05% to $4.78 amid the announcement of a $10 million share buyback program and strategic expansion into digital assets. The buyback, approved by the board of directors, is effective through December 31, 2026, and follows a completed $1 million repurchase in September 2025, where the company bought back 212,432 shares at an average price of $4.71 per share.
CEO Robert Steele stated that this initiative reflects confidence in Thumzup's long-term strategy, balancing digital asset accumulation with infrastructure investment to ensure sustained growth. Additionally, the company holds 19.106 Bitcoins and approximately 7.5 million Dogecoins, and has acquired DogeHash Technologies, a Dogecoin mining operation, which includes 2,500 mining rigs with another 1,000 scheduled for delivery later this year. This acquisition is pending shareholder approval but is expected to proceed smoothly, positioning Thumzup for success in the evolving cryptocurrency market.