Share Buybacks And New Crypto Infrastructure: Thumzup Media Is Evolving Its Business Model
Thumzup Media Corporation (NASDAQ:TZUP), a digital asset accumulator and advertising industry disruptor with a growing cryptocurrency portfolio, just announced its board approved a $10 million share repurchase program, underscoring the confidence the company has in its business evolution. The stock buybacks, which last through December 31, 2026, come on the heels of a previously announced $1 million share buyback program, which was completed in September 2025.
As of mid-September, Thumzup Media had repurchased 212,432 shares of its stock for about $1 million at a weighted average price of $4.71 per share. On Sept. 26, the stock opened at $5.39 per share.
“Our decision to implement a $10 million share repurchase program reflects confidence in Thumzup’s long-term strategy and our commitment to delivering value to shareholders,” said Robert Steele, chief executive officer of Thumzup, when announcing the share buyback program. “We believe our balanced approach, combining strategic accumulation of digital assets with investment in its underlying infrastructure, positions us well for sustained growth.”
Acquiring More Than Bitcoin
Thumzup Media has been on an evolution in recent months. The company completed a $50 million all common stock offering at $10 per share. It currently operates a social media marketing platform coupled with a consumer-facing app that enables consumers to get paid cash for posting about participating advertisers on major social media outlets through the Thumzup App. Its easy-to-use dashboard allows advertisers to programmatically customize their …
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