Thumzup Pours $2.5M Into Dogecoin Mining — Is This the Meme Coin’s $1 Moment?

Dogecoin just got its biggest political endorsement yet. In a move that could redefine the meme coin’s future, Thumzup Media Corporation — a Nasdaq-listed firm with deep Trump family ties — has handed DogeHash Technologies a $2.5 loan to supercharge its mining power.

The deal isn’t just about machines and money. It signals a powerful narrative shift: if the Trump dynasty is willing to double down on DOGE, could we be looking at the spark that finally propels the meme coin to the elusive $1 milestone?

At the heart of the story lies Thumzup’s shareholder list. In July, Donald Trump Jr. snapped up 350,000 Thumzup shares worth $3.3 million, making him one of the company’s most influential backers. That single move effectively bound the Trump brand to Thumzup’s crypto expansion — and now, by extension, to Dogecoin itself.

The $2.5 million loan to DogeHash, announced this week, will fund over 500 new ASIC miners, raising the company’s total fleet above 4,000 rigs by year’s end. DogeHash, already a major player in the Dogecoin mining space, is set to merge fully with Thumzup in an all-stock deal.

Once closed, the rebranded entity, DogeHash Technologies Holdings (ticker: XDOG), will instantly become the world’s largest dedicated Dogecoin miner.

While no one in the Trump camp has publicly declared “Dogecoin to the moon,” the timing and scale of this move suggest more than just a business calculation. The Trump family has been steadily amassing crypto exposure — from Eric Trump’s American Bitcoin venture to Trump Media’s multibillion-dollar digital asset plays.

This DogeHash expansion adds a new layer: is the family signaling long-term trust in DOGE itself? If Dogecoin were just another meme project destined to fade, why pump millions into infrastructure, miners, and token purchases?

From Marketing Firm To Mining Giant

Thumzup’s pivot to crypto has been nothing short of whiplash-inducing. Once a social media marketing outfit, the company reinvented itself in early 2025, kicking things off with a $1 million Bitcoin purchase. By August, it raised $50 million through a $10-per-share offering to bankroll large-scale mining facilities, blockchain projects, and a growing digital treasury.

That treasury could balloon to $250 million, with assets spread across Bitcoin, Dogecoin, Litecoin, Solana, XRP, Ether, and USDC. September marked its first Dogecoin market buy — 7.5 million DOGE for $2 million at an average price of $0.2665.

The soon-to-launch DogeHash Technologies won’t just be about brute mining power. The company has plans to integrate Layer-2 DeFi staking products through its DogeOS ecosystem, creating more sophisticated use cases for DOGE holders.

To bolster the transition, Thumzup brought in Jordan Jefferson, CEO of DogeOS and a blockchain veteran since 2011, to its Crypto Advisory Board. He joins other DeFi-native leaders, with the backing of big names like Polychain Capital.

Meme Or Movement?

Thumzup has also launched a $10 million share buyback program through 2026, a confidence move that helped lift shares nearly 6% this week to $4.81, pushing its market cap to around $78 million. Dogecoin itself also ticked up nearly 1% on the news.

The company’s balance sheet now shows 19 Bitcoin and 7.5 million Dogecoin, a growing stash that positions it as one of the meme coin’s most serious institutional holders.

Here’s the real takeaway — Dogecoin mining is no longer just a meme hobby for enthusiasts. With Trump family-linked money flowing into industrial-scale DOGE operations, the coin is inching toward legitimacy it has never had before.

This doesn’t guarantee a $1 Dogecoin tomorrow — volatility and market sentiment will still rule the day. But it does mean one thing: when political dynasties start mining your meme coin, you’re no longer a joke.

And if this merger lives up to its hype, Dogecoin could shift from being “the people’s meme” to being the world’s most politically charged cryptocurrency.