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Dogecoin Cash (OTCQB: DOGP) has announced that its subsidiary, MEME Coins Inc., has completed the acquisition of 2 billion Dogecoin Cash (DOG) tokens from Tipestry Inc. The transaction was executed through the issuance of 250,000 shares of MEME Class A Preferred Stock.
The acquisition aligns with MEME Coins' strategy to develop blockchain infrastructure and establish a token reserve. Following the transaction, DOGP's total DOG holdings have reached 4.02 billion tokens. The token transfer has been verified on the Binance Smart Chain and can be tracked via BscScan.
Dogecoin Cash Inc. (OTCQB: DOGP) announced the formation of a new wholly owned subsidiary, Dogecoin Treasury, Inc. (DTI), focused on developing and managing Dogecoin-related software tools and infrastructure. The subsidiary will support the development of the proposed Dogecoin Protocol, which aims to unify the company's Dogecoin initiatives in a technical structure.
DTI's primary responsibilities include supporting Dogecoin-related development initiatives, managing digital assets including DOGE, and serving as a platform for protocol-related asset ownership and planning. The company emphasizes that the Dogecoin Protocol is still under development, with no guarantees regarding its completion, features, or deployment timeline.
MEME COINS, a controlled subsidiary of Dogecoin Cash (OTC: DOGP), has signed a definitive agreement to acquire 2 billion Dogecoin Cash (DOG) tokens from Tipestry. The transaction will be executed through the issuance of 250,000 preferred shares at $20.00 par value to Tipestry, representing a non-controlling interest in MEME COINS.
Upon completion, DOGP's consolidated holdings will double to approximately 4.02 billion DOG tokens with zero shareholder dilution. MEME COINS will remain a wholly controlled subsidiary of DOGP, which maintains 100% ownership of MEME's common stock. The agreement is governed by Colorado law with disputes to be resolved through AAA arbitration.
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