Spirit Blockchain Capital, a blockchain-focused investment firm publicly traded on the Canadian Securities Exchange, has announced an income generation strategy targeting its Dogecoin holdings.
The announcement follows the recent acquisition of Dogecoin Portfolio Holdings Corp. by Spirit, a blockchain startup focused on Dogecoin (DOGE) and related assets. Dogecoin Portfolio Holdings operates independently from the core activities of the meme coin blockchain, but manages a portfolio aimed at creating value within the Dogecoin ecosystem.
Spirit Blockchain Capital’s business activities include cryptocurrency investment, blockchain advisory and consulting, crypto mining and lending. The Dogecoin initiative is part of the company’s efforts to maximize the utility and performance of its digital asset treasury.
A revenue-driven strategy will deliver value to shareholders, improve operational efficiency and drive adoption of decentralized financial products, the company said in a Jan. 2 press release.
The focus on DOGE is in line with a bullish outlook for the meme coin and the broader crypto market. Whale accumulation, growing real-world payment use cases, institutional interest, and technical forecasts all point to a positive DOGE market. Spirit wants to capitalize on these trends.
“By activating a yield generation strategy with Dogecoin, we aim to unlock a previously untapped revenue stream while positioning ourselves as a leader in yield generation not only for Dogecoin, but for the broader public sector digital asset space,” said Lewis Bateman, Managing Director of Spirit.. .
