Thumzup just made a bold move, and investors are taking notice. The Bitcoin and Dogecoin-focused treasury firm announced a $10 million share buyback program running through December 2026, sending TZUP shares up 6% in early trading.
That’s welcome relief after the stock tumbled 20% over the past month, despite peaking at $16.49 in early August.
CEO Robert Steele is bullish. He sees the company’s strategy mixing digital asset accumulation with infrastructure investment as a recipe for long-term growth.
The firm has already dipped its toes in buybacks, completing an initial $1 million program this month by repurchasing 212,432 shares at an average price of $4.71.
Thumzup isn’t just buying back stock they’re stacking crypto. The company currently holds about 19.1 BTC (~$2.17M) and 7.5 million DOGE (~$1.83M). And the crypto shopping list isn’t stopping there.
The board has greenlit purchases of Ethereum, XRP, Solana, Litecoin, and USDC, diversifying their growing digital asset portfolio.
The next big move? DogeHash Technologies. Thumzup signed a definitive agreement to acquire this Dogecoin mining operation, which currently runs 2,500 active rigs with 1,000 more units on the way, pending shareholder approval. This deal could supercharge Thumzup’s mining footprint in an increasingly competitive crypto landscape.
Oh, and here’s a twist: Donald Trump Jr. holds a significant stake in Thumzup, revealing a 350,000-share position this summer. The company’s crypto journey started in January with a $1 million Bitcoin investment, and by July, the board had approved holdings of up to $250 million in cryptocurrencies.
Thumzup isn’t alone in this strategy. Other crypto treasury firms are embracing stock buybacks to boost shareholder value. Ethereum-focused SharpLink Gaming and ETHZilla, along with Solana-centric DeFi Development Corporation, have all rolled out their own programs, with DeFi Development even announcing a $100 million buyback plan this week.
For Thumzup, the combination of stock repurchases and a major mining acquisition is more than just financial engineering it’s a statement of confidence in the crypto market’s future. Shareholders get value today, and the company positions itself to dominate tomorrow.
