
Is Spirit Blockchain Capital trying to become the MicroStrategy of Dogecoin?
According to CEO Lewis Bateman, the digital asset manager’s acquisition of Dogecoin Holdings—first revealed in October, with more details announced last week—was partly inspired by MicroStrategy’s Bitcoin-buying playbook. But the Canadian firm says it has bigger plans than just leveraging the $48 billion meme coin as a treasury reserve asset.
“We are going to hold a significant balance sheet of Dogecoin over the coming months and coming years,” Bateman told Decrypt in an interview on Friday. “But we also want to build out the ecosystem. We want to institutionalize that.”
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