Summary
- Thumzup Media said its board approved a $10 million share repurchase program through the end of 2026.
- The company said it will continue pursuing sustained growth, emphasizing a balance between digital asset accumulation and infrastructure investment.
- Thumzup stated it holds Bitcoin and Dogecoin, and is pursuing the acquisition of DogeHash Technologies, reflecting its crypto-related activities.
On the 24th (local time), according to crypto asset (cryptocurrency) specialist media The Block, Thumzup Media, linked to the Trump family, had its board approve a $10 million share repurchase program through the end of 2026.
Robert Steele, Thumzup Media CEO, said in a statement, "This decision reflects confidence in the company's long-term strategy while also demonstrating a commitment to enhancing shareholder value," and "We will continue to pursue sustained growth through a balanced approach of digital asset accumulation and infrastructure investment."
Thumzup currently holds 19 Bitcoin (BTC) and approximately 7.5 million Dogecoin (DOGE). It is also awaiting shareholder approval for the acquisition of DogeHash Technologies, a Dogecoin mining company.
Among major shareholders is Donald Trump Jr., the eldest son of U.S. President Donald Trump; he has disclosed holding approximately 350,000 shares.
JH Kim
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