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Vancouver, BC, Oct. 08, 2024 (GLOBE NEWSWIRE) — Spirit Blockchain Capital Inc. (CSE: SPIR) (“Spirit” or the “Buyer”), a company specializing in blockchain technology and digital asset management , is pleased to announce the acquisition of Dogecoin Portfolio Holdings Corp. (“Dogecoin Holdings”), a company founded by a team of visionary entrepreneurs and supporters of Dogecoin (DOGE), one of the largest cryptocurrencies by market capitalization. Launched in 2013, Dogecoin has evolved from a pioneering “memecoin” to a highly decentralized and liquid cryptocurrency, backed by over 6.7 million active addresses and a vibrant community of 2.5 million members on the subreddit r/dogecoin.
This acquisition represents a crucial step in Spirit’s strategic growth plan, strengthening its position as a key player in the rapidly evolving blockchain and digital asset management sectors, particularly within the Dogecoin ecosystem. By integrating the intellectual property and market expertise of Dogecoin Holdings, Spirit aims to drive innovation in digital asset products and expand its revenue generation capabilities. This strategic acquisition is designed to attract retail and institutional investors by leveraging Dogecoin’s cultural relevance and broad user base, while improving the utility and accessibility of DOGE globally.
“We are excited about the growth opportunities this acquisition brings to Spirit,” said Lewis Bateman, CEO of Spirit Blockchain Capital. “The financial sector is experiencing a profound shift towards decentralized solutions, with blockchain technology at the heart of this transformation. By acquiring Dogecoin Holdings, we are well positioned to develop innovative financial products that will generate value for our shareholders and advance the future of decentralized finance.
Looking ahead, Spirit will focus on expanding its range of partnerships and launching new products to increase global adoption of Dogecoin. With several key product launches and strategic initiatives underway, Spirit is on track to make significant advancements in blockchain-based financial services. Join us on this exciting journey as we continue to shape decentralized finance and create lasting value for our shareholders.
Why DOGE?
Dogecoin (DOGE) has quickly grown beyond its “memecoin” roots, capturing the public imagination and evolving into a globally recognized digital asset. Thanks to the support of high-profile figures such as Elon Musk and a dedicated community, Dogecoin has reached a market capitalization exceeding $16 billion.
Chandler Song, investor and strategic advisor to Dogecoin Portfolio Holdings Corp., added: “Dogecoin has always stood out for its community nature and cultural significance, and this partnership with Spirit Blockchain Capital will help us take that to new heights. Our combined expertise will allow us to create new ways for people to interact and to invest in Dogecoin, thereby increasing its relevance both as a financial tool and as a cultural asset.
Pursuant to the Agreement, Spirit will acquire all of the issued and outstanding securities of Dogecoin Holdings, including common stock and stock warrants, from the Company’s shareholders (the “Sellers”). In exchange, Spirit will issue 14,000,000 shares of common stock and 14,000,000 stock warrants, with each warrant exercisable at $0.05 per share for a period of 24 months from closing. This strategic acquisition is structured to facilitate the integration of Spirit with the assets and operations of Dogecoin Holdings, creating long-term value for shareholders of both companies.
The agreement and the issuance by Spirit of the securities to the sellers are subject to acceptance by the Canadian Securities Exchange (“CSE”).
About Dogecoin Portfolio Holdings Corp.:
Dogecoin Portfolio Holdings Corp. is a blockchain company focused on managing and developing assets within the Dogecoin ecosystem. The Company’s portfolio includes a range of digital assets, intellectual property and strategic partnerships in the cryptocurrency sector.
About Spirit Blockchain Capital
Spirit Blockchain Capital is a pioneering investment firm at the forefront of the blockchain industry. Through our operational business and asset management business, we offer investors a range of capital appreciation opportunities. With a strong focus on innovation, strategic investments and operational excellence, Spirit Blockchain is dedicated to unlocking the potential of the digital economy.
For more information about Spirit Blockchain Capital, visit: Spiritblockchain.com
For media inquiries, please contact:
Lewis Bateman
General manager info@spiritblockchain.com
Forward-looking statements
This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “may”, “will”, “project”, “should”, “believe” », “plan”, “intends” and similar expressions are intended to identify forward-looking information or statements. Forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. . correct. Because forward-looking statements and information relate to future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Factors that could materially affect this forward-looking information are described under the heading “Risk Factors” in the Company’s long-form prospectus dated August 8, 2022, which is available on the Company’s profile on SEDAR at www.sedar. com. The Company undertakes no obligation to update any forward-looking information, except as required by applicable law. This forward-looking information represents management’s best judgment based on currently available information. No forward-looking statement can be guaranteed and actual future results may vary materially. Therefore, readers are cautioned not to place undue reliance on any forward-looking statements or information.
The CSE has not reviewed, approved or disapproved the contents of this press release.
