Publicly listed company Thumzup Media discloses purchase of 7.5 million DOGE, worth approximately $2 million

ChainCatcher news, according to The Block, Thumzup Media Corporation (stock code TZUP) announced on Thursday that it has purchased Dogecoin (DOGE) on the open market for the first time, acquiring approximately 7.5 million tokens at a weighted average price of $0.2665, with a total value of about $2 million.

In addition, the company stated earlier this month that it plans to deploy 3,500 Dogecoin mining machines by the end of the year through its upcoming acquisition of mining company Dogehash, and to strengthen its leadership team. This week, DogeOS CEO and MyDoge head Jordan Jefferson, as well as DogeOS ecosystem director Alex Hoffman, were appointed to its cryptocurrency advisory board.