XRP treasury plans are gaining momentum as Thumzup Media, a company backed by Donald Trump, announces its intention to include XRP in a diversified crypto reserve following a $50 million stock raise.

Thumzup Media Raises $50M to Drive Crypto Expansion

Thumzup Media has officially completed a $50 million common stock offering at $10 per share, marking a significant move in its transformation into a serious player within the crypto industry. The announcement came via a shareholder letter released Thursday.

This fresh capital injection will support Thumzup’s bold ambitions in cryptocurrency mining and treasury strategy. Central to its mining initiative is the acquisition of Dogehash Technologies, a notable Dogecoin mining firm, in an all-stock transaction.

Advancing Dogecoin Mining With Strategic Acquisition

Thumzup’s push into Dogecoin mining is anchored by its pending acquisition of Dogehash Technologies. Last month, the company announced it would acquire Dogehash by issuing 30.7 million shares to existing Dogehash stakeholders. Once finalized, the rebranded entity will operate as Dogehash Technologies Holdings and be listed on Nasdaq under the ticker XDOG.

A portion of the $50 million raised will fund this acquisition and help purchase 1,000 top-tier mining machines. These efforts solidify Thumzup’s commitment to establishing a robust presence in proof-of-work crypto mining, specifically centered around Dogecoin.

Building a Crypto Treasury: XRP Takes Center Stage

In a move reflecting growing enterprise interest in digital assets, Thumzup’s board has approved the creation of a cryptocurrency treasury. XRP will be among the key assets held alongside Dogecoin, Solana, Ethereum, Litecoin, and stablecoin USDC.

While the company did not specify how much XRP it plans to acquire, this announcement underscores XRP’s increasing acceptance as a corporate treasury asset. Thumzup already dipped its toes in the crypto waters earlier this year, when it made dual investments totaling $2 million in Bitcoin.

This new expansion into altcoins like XRP marks a shift toward a more diverse and strategic approach. Company leaders believe this aligns with former President Trump’s broader initiative to enhance U.S. leadership in blockchain and crypto technology.

Caption: Blockchain infrastructure like this supports Thumzup’s mining and XRP treasury plans.

Corporate Momentum Behind XRP as a Reserve Asset

Thumzup joins a growing list of corporates embracing XRP as a treasury holding. In June, Webus International committed $300 million to an XRP reserve portfolio. That move followed an announcement from Nasdaq-listed VivoPower, which outlined plans to use funding from Prince Abdulaziz of Saudi Arabia to purchase and hold XRP.

Perhaps most notably, Singapore-based Trident Digital intends to establish a $500 million XRP treasury. This continued wave of institutional attention highlights XRP’s appeal as a stable and liquid reserve asset within today’s evolving digital finance environment.

Although Thumzup has not revealed dollar amounts for its planned XRP holdings, its inclusion of the token in their long-term strategy is a strong vote of confidence from a U.S. company backed by prominent political interests.

Where XRP Fits in the Broader Crypto Movement

As blockchain ecosystems mature and digital assets integrate into global finance, XRP continues to emerge as a go-to token for institutions exploring treasury diversification. With regulatory pressure still evolving in the U.S., moves by companies like Thumzup—and endorsements from influential figures—send clear signals to the market.

Related: XRP Price: $12M Max Pain for Bears

Whether for mining-backed expansion or balance sheet optimization, XRP is now firmly on the radar of forward-looking corporations. Thumzup’s latest initiative not only adds momentum to this trend, but also places the company among a select group of enterprises leveraging crypto to shape the future of finance.