Thumzup’s board approved a $10 million share repurchase program through 2026; the buyback program and prior $1M repurchase (212,432 shares at $4.71 avg) lifted TZUP stock as investors reacted to the company’s Bitcoin and Dogecoin treasury accumulation and a planned mining acquisition.
$10M buyback authorized through 2026
Thumzup holds ~19.1 BTC and 7.5M DOGE in its treasury
Company completed an initial $1M repurchase (212,432 shares at $4.71 avg)
Thumzup buyback: TZUP announces $10M repurchase through 2026 after a $1M initial buyback; learn what this means for shareholders and crypto treasury strategy.
What is Thumzup’s $10 million buyback program?
Thumzup buyback is a board-approved share repurchase program authorizing up to $10 million of common stock purchases through the end of 2026. The program follows a completed $1 million initial buyback, where the company repurchased 212,432 shares at a weighted average price of $4.71 per share.
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How did the market react to the buyback announcement?
TZUP shares rose roughly 6% on the day of the announcement, trading near $4.82 and peaking at $5.30 intraday. The move reflects investor appetite for buybacks among crypto treasury firms, despite Thumzup stock remaining about 20% below its one-month levels and well below its early-August peak of $16.49.
How much crypto does Thumzup hold in its treasury?
Thumzup reported holdings of approximately 19.1 BTC (about $2.17M) and 7.5 million DOGE (about $1.83M). The company also authorized potential purchases of Ethereum, XRP, Solana, Litecoin, and USDC as part of its treasury strategy.
Why is Thumzup buying back shares while accumulating crypto?
Management says the buyback signals confidence in the company’s long-term strategy and seeks to deliver shareholder value by reducing outstanding share count while the company continues strategic crypto accumulation and infrastructure investments.
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Yes. The buyback announcement coincided with a roughly 6% intraday rise to $4.82, with an intraday high near $5.30, indicating positive investor reception to the repurchase program.
Other crypto treasury firms have also announced buybacks recently. For example, several Ethereum-focused and Solana-focused treasury companies have revealed repurchase plans, signaling a broader trend among listed crypto treasuries.
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