Spirit Blockchain Capital has adapted the MicroStrategy strategy for Dogecoin
Spirit, a company that has attracted the attention of the cryptocurrency world with its investments in Dogecoin, started an ambitious plan in December 2024 to increase its holdings of meme tokens. This move is part of their strategy aimed at generating profits not only from Dogecoin but also from other popular cryptocurrencies such as BTC, ETH, Tether (USDT), and Solana (SOL).
Interestingly, the list of cryptocurrencies that Spirit plans to extend its strategy to includes the stablecoin USDT. This hints that the company may use more conservative earning methods, such as lending or staking, rather than active trading.
Spirit, often compared to MicroStrategy due to its significant investments in digital assets, keeps the details of its strategy under wraps. However, the company's CEO, Lewis Bateman, shared plans: "We aim to open new sources of income and become market leaders in maximizing benefits not only for Dogecoin but for the entire digital asset space."
This approach may become an important step for Spirit in its quest to establish itself as a key player in the world of cryptocurrencies.
