There is a Development That Could Be Important For Dogecoin: Company Allegedly Established to Be DOGE’s MicroStrategy
A company has reportedly acquired a major DOGE holding with the aim of becoming Dogecoin’s MicroStrategy. Here are the details.
Spirit Blockchain Capital, a blockchain technology and digital asset management company, announced that it has acquired Dogecoin Portfolio Holdings Corp (“Dogecoin Holdings”), a firm dedicated to expanding the Dogecoin (DOGE) ecosystem.
Founded in 2013, Dogecoin has grown from a fun “memecoin” into a widely recognized, highly decentralized cryptocurrency with over 6.7 million active addresses and a 2.5 million strong community on the r/dogecoin subreddit.
Spirit aims to leverage the expertise of Dogecoin Holdings to drive global adoption of Dogecoin. Ankr co-founder Chandler Song, who invested in Dogecoin Holdings, will also join as a strategic advisor to support the development of “Dogecoin MicroStrategy” initiatives and expand applications and financial products around Dogecoin.
“We are excited about the growth opportunities this acquisition brings to Spirit,” said Lewis Bateman, CEO of Spirit Blockchain Capital. “The financial industry is shifting towards decentralized solutions, and blockchain is at the core of this transformation. Acquiring Dogecoin Holdings places us in a strong position to develop innovative financial products that will increase shareholder value and contribute to the future of decentralized finance.”
Ankr co-founder Chandler Song announced that he has invested in Dogecoin Holdings and will serve as a strategic advisor to participate in the establishment of Dogecoin’s MicroStrategy-like company.
Under the agreement, Spirit will purchase all outstanding shares and warrants of Dogecoin Holdings from existing shareholders. In return, Spirit will issue 14 million common shares and 14 million share purchase warrants, each exercisable for two years at $0.05 per share.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Southeast Asia rides into a Musk-sort of DOGE
Share link:In this post: Southeast Asia is onto Musk-DOGE plans. Indonesian President Prabowo Subianto said that he would cut $19 billion, or about 8.5% of the state budget, this year. Vietnam has cut the number of government ministries and agencies from 30 to 22. Malaysia’s government fired 30,000 contract workers who didn’t have a certificate that they graduated from high school.
More than 600,000 investors in Romania choose crypto over stocks
Share link:In this post: Finance industry officials admit that more Romanians invest in cryptocurrencies than in company shares. Crypto assets have attracted 600,000 investors in Romania, three times more than the traditional stock market. Romanian authorities hope to increase cash flow in the country’s economy through a temporary tax break for crypto investors.
Etoro Files for IPO With Tripled Revenue, 96% From Crypto Trading
Bitcoin flips ‘macro bullish’ amid first Hash Ribbon buy signal in 8 months
Trending news
MoreCrypto prices
More
