Samzapp, Backed by Trump Jr., Makes Its First Purchase of 7.5 Million Dogecoins

On the 18th, Samzapp Media Corporation, a US-listed company specializing in social media marketing, announced its first purchase of approximately 7.5 million Dogecoins (DOGE) for about $2 million (approximately 300 million yen). Following its $50 million fundraising in August, the company has been accelerating its full-scale deployment in the cryptocurrency sector. The company has adopted a unique strategy that allows for up to 90% of its liquid assets to be held in Bitcoin, owning 19.106 BTC as of July. This Dogecoin acquisition is based on the investment expansion policy approved by the board in July, which includes investments in Litecoin, Solana, XRP, and Ethereum. Mining...