Dogecoin Gets Its 1st Foundation-Backed Treasury Worth $175 Million
Dogecoin’s backers moved quickly this week to create what they call the first official DOGE treasury, pushing $175 million into a vehicle aimed at buying Dogecoin and bringing more institutional muscle to the token. Related Reading: Mastercard Stresses Crypto Is An Enhancement, Not A Substitute According to reports, the fund was set up through a private placement that issued 175,000,420 pre-funded warrants priced at $1 each, a structure meant to provide immediate capital for purchases. The plan has drawn big-name crypto firms and traditional investors. Funding And Structure Based on....
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The Dogecoin Foundation has been reestablished with “a renewed focus” to accelerate the development of Dogecoin. Among the foundation’s advisers are Ethereum co-founder Vitalik Buterin and Jared Birchall, the manager of Tesla CEO Elon Musk’s family office. Dogecoin Foundation Relaunched The Dogecoin Foundation has been reestablished “with a renewed focus on supporting the Dogecoin ecosystem, community and promoting the future of the Dogecoin blockchain,” the foundation announced Monday. After being inactive for many years, the foundation tweeted Monday:....
On April 13, Terra’s Luna Foundation Guard (LFG) acquired 2,508.94 bitcoin worth close to $100 million at the time of settlement. The purchase follows the 4,130 bitcoin LFG scooped up three days ago, and LFG’s wallet is now just over 495 bitcoin away from surpassing Tesla’s bitcoin treasury stash.
Luna Foundation Adds More Bitcoin to UST Reserve Wallet
LFG purchased another batch of bitcoin on Wednesday, adding to the non-profit’s bitcoin reserves meant to protect the Terra network’s stablecoin, UST. On April 13, 2022, at 1:55 a.m. (UST), the....
According to the latest report, prominent legal attorney Alex Spiro has been listed as the chairman of a new digital asset treasury firm that aims to raise $200 million to invest in Dogecoin. What Elon Musk Knows About The Dogecoin Treasury? In an August 29 report, Fortune revealed that Alex Spiro, a lawyer who has […]
Fresh-faced memecoin, Dogecoin 2.0, has ruffled the feathers of the Dogecoin Foundation with its name. The Dogecoin Foundation has issued a statement distancing itself from a new copycat project called Dogecoin 2.0 (DOGE2), firing off legal demands that the new memecoin change its name.In a letter published Aug. 31st, the Dogecoin Foundation asserts it has engaged brand protection lawyers to contact Dogecoin 2.0’s developers in a bid to “protect the Dogecoin community from being misled and to protect the Dogecoin name from possible misuse.”Dogecoin 2.0’s website indirectly throws shade at....
On Sunday, April 10, 2022, the Terra (LUNA) project and Luna Foundation Gaurd (LFG) acquired 4,130 bitcoin worth $176.1 million at the time of settlement. Using today’s bitcoin exchange rates, LFG now has a total of 39,897.98 bitcoin worth $1.7 billion. Luna Foundation Gaurd Obtains $176 Million in Bitcoin for the UST Decentralized Forex Reserve Two days ago, the Luna Foundation Gaurd (LFG) announced a partnership with the Avalanche Foundation and disclosed it would be purchasing $100 million worth of avalanche (AVAX) in an over-the-counter (OTC) exchange. The $100 million in AVAX....