Dogecoin to the Moon? 🚀

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Right. So, a company with… tenuous links to a former world leader (let’s just call him ‘The Builder’) has decided to throw 2.5 million dollars at the problem of making more Dogecoin. Yes, you read that correctly. More Dogecoin. As if there wasn’t enough.

Thumzup Media Corporation (Nasdaq: TZUP), which sounds suspiciously like a sound effect, has announced this frankly baffling investment in DogeHash Technologies. Apparently, the goal is to grow Dogecoin mining with “high-tech ASIC technology” – which is to say, little boxes that solve puzzles to create digital money. 🤷 The addition is, we are told, a sign of “increasing institutional interest.” Which roughly translates to “people with more money than sense are getting involved.”

DogeHash Gets More Boxes

According to their press release, the money will buy over 500 more of these puzzle-solving boxes. They apparently expect to have over 4,000 boxes whirring and clicking away by the end of 2020. (It’s 2024, by the way. Time is… relative.) And, naturally, Thumzup is planning to *acquire* DogeHash, solidifying their position as an “emerging player” in crypto infrastructure. A position that, frankly, sounds exhausting.

Related Reading: Thumzup Media Boosts Dogecoin Treasury with $2 Million Acquisition | Live Bitcoin News (Because apparently, boosting a Dogecoin treasury is a thing.)

These new boxes, they’re “next-generation”. Which means… they’re slightly shinier? They’re designed to make everything “faster and more efficient”. Because efficiency is *always* the answer, even when the question is “How can we create more of a currency based on a meme?” This capital expansion is significant, though late to the party-apparently, the biggest step they’ll take in… 2025. Take notes people!

Thumzup CEO Robert Steele apparently thinks this is a good idea, muttering something about “ontogenic changes” and a “solid foundation.” He also looks forward to “collaborating.” It’s always good to collaborate. Especially when millions are involved. 🙄

Manfred Parker Scott, CEO of DogeHash, responded with a fairly cryptic “Thanks to everyone who oversubscribed in the early days – can’t wait to get this out of the way and into everyone’s hands.” Which sounds like he’s relieved to be getting rid of it all. He also declared this an “exponential promotion” and a “megaworthy time” for Dogecoin. Hyperbole, it seems, is free.

From Media to…Dogecoin?

This all follows a series of increasingly bizarre moves by Thumzup involving Dogecoin treasury transactions, a Crypto Advisory Board (presumably to advise them on whether or not to invest in Dogecoin), and their intention to buy DogeHash. It’s… diversification, they say. A measure of “non-media and non-marketing diversification”. Which is a very long way of saying: ‘We’re desperately hoping this works’.

Unlike those boring Bitcoin people, Thumzup is all-in on Dogecoin, which they apparently see as an asset unlike any other. A vast retail base and a rising desire? World pundits say it’s a “high-reward, high-risk positioning.” Read: “It might just work, or it might all go terribly wrong.” 💸

Apparently, there’s been increased mining activity in the Dogecoin network. This expansion might safeguard the network, allowing for more transactions. At the same time, it shows how big businesses are transforming mining through… mergers and acquisitions. Yes, because Dogecoin needs *more* corporate control.

However, one word of caution: sustainability and capital structure. Apparently, buying lots of expensive hardware can be stressful if the market takes a turn. This is a bet, a highlight of the potential and risk in a digital asset space that is, let’s be honest, a bit bonkers. 🤪

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2025-10-01 08:57