According to TechFlow, digital asset management company Spirit Blockchain Capital announced the acquisition of Dogecoin portfolio holding company and its underlying intellectual property. Lewis Bateman, CEO of Spirit Blockchain Capital, said the acquisition will help the company expand its partner range and launch new products to increase the global adoption of Dogecoin.

Spirit plans to leverage Dogecoin’s cultural influence and large user base to attract retail and institutional investors while increasing the utility and accessibility of DOGE. Chandler Song, an investor and strategic advisor to Dogecoin Holdings, said the partnership will create new ways to interact and invest in Dogecoin, enhancing its importance as a financial tool and cultural asset.