Nasdaq-listed Thumzup Media Corporation wrote in its most recent shareholders’ letter that it has bought Bitcoin valued at $1 million, and has intended to expand its investment in cryptos like Dogecoin, Solana, XRP, USDC, and Ethereum, among others.
As per the press release, the $1 million in Bitcoin came following a $6.5 million raise at $6 per share in June 2025 from strategic investors. Also notes that in August this year, Thumbzup closed a $50 million all common stock offering via Dominari Securities at $10 per share.
Thumzup Media Corporation, on August 19, announced the execution of definitive agreements that are subject to shareholder approval to acquire a premier Dogecoin mining operation currently with 2,500 state-of-the-art mining rigs.
The company, having close ties with Trump Junior, is constantly eyeing expansion of its dominance in Dogecoin mining. DOGE is one of the most prominent memecoin.
After this victory in the presidential elections, Donald Trump and his family seem to be turning pro-crypto day by day, and to date, roughly a dozen crypto companies have close ties with the family.
A quick overview of Thumzup Media Corp
As of writing, Nasdaq: TZUP is priced at $5.57 with an increase of 5.29%, and in the past 5 trading sessions, its prices marked an uptick of 11.18%.
According to the data from TradingView, despite recent bullishness, TZUP stock is down by 55.40% in a month and nearly 27.66% in the past three months.
However, YTD it seems to be flipping the negativity, adding 80% in the past six months, 62.39% YTD, and nearly 3.15% in the past 52 weeks.
Currently, Thumzup stock is trading below its 20-day, 50-day, and 100-day exponential moving averages. The weekly resistance levels identified are $13.44, followed by $16.51 and $21.47, and at the same time, the support levels are $3.52 and somewhere below $2.00.
In the weekly frame, the resistance levels are $6.66, followed by $7.87 and $9.83; on the other hand, the identified supports are $2.73 and $1.53.
Thumzup Media Corporation posted revenue of $151 million in Q1 this year, and its net income was -$2.14 million, and net margin was -1,414,213.25%. In Q2, the revenue was $15 million with a net income of -$1.19 million with a net margin of -7,954,933.33%.
