Dogecoin makes a giant leap. A new treasury fund backed by the Foundation suddenly appears. It seems that DOGE fans are not holding back.



$250 million. That's how big the fund is. The idea is to give more seriousness to this cryptocurrency that was born as a meme. They want it to be used more.

They issued some rare warrants. 250,000,420 to be exact. At $1 each. Fresh money to buy Dogecoins.

A lot of investors joined in. More than 100. Some big players from the crypto industry. The offer closes in 2025. At least that's what they say.

DogeTech Solutions is behind all of this. They also created Doge Enterprises. Sounds important.

The market went crazy. DogeTech's shares plummeted. Investors are not feeling confident.

They recruited known people. Alex Rivera as president. Timothy Barker on the board. Marco Velázquez as investment director. Names that ring a bell.

21Shares will advise. They are experts in crypto ETFs.

They want Dogecoin to be something serious. That companies use it as a reserve. For payments and things like that.

They are going to buy DOGE with the money raised. Maybe they will make products for institutions. It's not entirely clear.

Details are missing. How they will store the coins. The rules for buying and selling. They will tell it soon.

The Dogecoin community is buzzing. Everyone is speculating about the price. Some celebrities are already making a fuss on social media.
DOGE-4.97%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)