The ‘MicroStrategy of Dogecoin’ Launches DOGE Yield Strategy, Eyes Bitcoin and Solana Expansion | Bitcoin

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A firm that has adapted MicroStrategy’s Bitcoin reserve strategy with the meme coin Dogecoin has revealed plans to earn yield on its DOGE coins, with future ambitions to potentially offer products based on other major cryptocurrencies as investors look for new ways to get higher returns on their tokens.

Canadian investment firm Spirit Blockchain Capital said Thursday in a statement it intends to leverage its Dogecoin holdings through the new yield-generating strategy. The publicly traded company said the move will enable it to deliver value to its shareholders, in addition to expanding its treasury efficiency and enhancing the decentralized financial product adoption.

The initiative will serve as the bedrock for the company to launch potential yield-bearing strategies for other assets such as Bitcoin, Ethereum, Tether and Solana in the future, Spirit CEO Lewis Bateman said in a…more
Source decrypt.co

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