Thumzup Issues Letter To Shareholders, Highlighting It Raised $50M In All-Stock Offering To Fuel Dogecoin Mining Expansion And Acquire DogeHash Technologies

Author: Benzinga Newsdesk | September 04, 2025 09:07am

• Successfully completed a $50 million all-common stock offering at $10 per share, significantly bolstering the balance sheet to fuel aggressive expansion in mining infrastructure and substantial digital asset accumulation
• Pending acquisition of DogeHash Technologies poised to establish a premier, publicly traded, utility-scale Dogecoin mining enterprise
• Ambitious vision to dominate as North America's leading Dogecoin miner, driving unparalleled scale and innovation

LOS ANGELES, Sept. 4, 2025 /PRNewswire/ -- Thumzup Media Corporation ("Thumzup" or the "Company") (Nasdaq: TZUP), today issued a shareholder letter outlining its strategic transformation into a leader in cryptocurrency mining, supported by a pending acquisition of DogeHash Technologies, Inc. ("DogeHash"), a dedicated Dogecoin mining company.

Dear Fellow Shareholders,

Thank you for your continued support for Thumzup and our shared vision to build a transformative, billion-dollar enterprise.

Thumzup Media listed on Nasdaq last October with an upsized $8.2 million offering at $5 per share, poised to dominate, disrupt, and redefine the social media marketing landscape. We had engineered a groundbreaking platform that empowers content creators on Instagram, and soon TikTok, to earn direct payments from advertisers for authentic, positive endorsements of their products. Building on this momentum, our board of directors authorized us to buy and hold Bitcoin as a treasury asset. We invested an initial $1 million in Bitcoin (BTC) in January 2025. The positive investor response validated our vision and rewarded our BTC Allocation Strategy.

Following this positive shareholder reaction, we intensified our strategy, authorizing further investments in select cryptocurrencies. In late January, we invested another $1 million in Bitcoin. This was followed by a $6.5 million raise at $6 per share in June 2025 from strategic investors. This transaction not only fortified our cap table but also forged a pivotal relationship with Dominari Securities, a powerhouse investment bank with deep expertise and networks in the cryptocurrency ecosystem. It also brought in key strategic investors to the Company's shareholder base. In early August 2025 we closed a $50 million all common stock offering through Dominari Securities at $10 per share.  This influx of healthy capital further strengthened our balance sheet and positioned us for a transformative launch into the cryptocurrency space.

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