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#TopContentChallenge# A Trump-backed crypto company is now making a move into Dogecoin.
Thumzup, the crypto treasury company in which Donald Trump invested more than $3 million in July, is now making a move into Dogecoin. Thumzup will acquire the Dogehash mining company. Both parties have released statements on the matter.
Cryptocurrency treasury company Thumzup Media announced its intention to fully acquire Dogecoin mining firm Dogehash. Dogehash is reportedly receptive to the offer, and the companies have reached an agreement. Under the agreement, Dogehash shareholders will receive a total of 30.7 million Thumzup shares. Following the merger, the company will be renamed Degohash Technologies Holdings.
Thumzup CEO Robert Steele stated that the merger will not only expand Dogecoin mining but also aim to build an ecosystem built on Dogecoin's fast and low-cost payment infrastructure.