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    ForexJournal » Crypto » The MicroStrategy of Dogecoin? This Firm Is Amassing DOGE as a Treasury Reserve Asset
    Crypto

    The MicroStrategy of Dogecoin? This Firm Is Amassing DOGE as a Treasury Reserve Asset

    Author AvatarBy Jack Lawson November 4, 2024 No Comments 9 Mins Read
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    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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    Jack Lawson

    Jack Lawson is a seasoned financial strategist with over 20 years of experience navigating the complexities of global markets, specializing in Forex and cryptocurrency. His expertise blends deep analytical skills with a keen understanding of market psychology, making him a trusted voice in the financial community. Jack’s nuanced approach to market trends, combined with his ability to distill complex data into actionable insights, has earned him a reputation for providing invaluable guidance to both seasoned investors and emerging traders. His writing is marked by a sophisticated yet accessible style, reflecting his commitment to empowering others in their financial journey.

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