The Canadian investment firm, which recently acquired Dogecoin Holdings, aims to create new revenue streams through its treasury holdings. The company has not disclosed the size of its Dogecoin reserves or specific details about its yield-generation methods.
“We aim to unlock a previously untapped revenue stream while simultaneously positioning ourselves as a market leader in yield generation for not only Dogecoin, but the broader digital asset space,” said Spirit CEO Lewis Bateman to Decrypt.
The announcement comes amid growing interest in yield-bearing crypto products during the current market rally.
Investors can typically earn yields through staking — locking tokens in proof-of-stake networks — or through crypto lending services.
The company has modeled its approach after MicroStrategy’s treasury strategy model, but with Dogecoin instead of Bitcoin. Spirit has not provided details about its current Dogecoin holdings, citing regulatory guidelines.
Spirit’s initiative represents a new institutional approach to generating returns from meme coin holdings, though questions remain about the specific mechanisms and risks involved.
Disclaimer: The content on this website is for informational purposes only and does not constitute financial, investment, or legal advice. Always consult a qualified professional before making financial decisions.
