Spirit Blockchain Capital has announced a new yield strategy for its Dogecoin holdings, drawing inspiration from MicroStrategy's Bitcoin reserve model. The Canadian investment firm aims to leverage its DOGE assets to deliver shareholder value and improve treasury efficiency, with plans to eventually include products based on Bitcoin and Solana. CEO Lewis Bateman expressed the goal of unlocking a new revenue stream, positioning the firm as a leader in yield generation within the digital asset space. However, details on how the yield will be generated remain unclear, and the company has not set a definitive rollout date for the yield strategy. This move follows Spirit's acquisition of Dogecoin Holdings, which is focused on accumulating DOGE as a reserve asset. The announcement coincides with a growing trend among crypto investors to seek yield from various assets, particularly in light of recent market rallies.

Source 🔗