On July 2, the listed company Dogecoin Cash Inc. announced the establishment of a wholly-owned subsidiary, Dogecoin Treasury Inc., and will hold Dogecoin (DOGE) as treasury assets. Previously named Cannabis Sativa, Inc., the company changed its name to Dogecoin Cash last November, marking its expansion from telemedicine and other fields into cryptocurrency and blockchain domains.
With the establishment of the new subsidiary, the company further deepens its connection with Dogecoin. Dogecoin Treasury Inc. will be used to "support the company's Dogecoin-related development projects and assist in managing digital assets, including DOGE." Part of these projects includes developing a technical framework called the "Dogecoin Protocol," with the company stating that the protocol will "organize and support all Dogecoin-related projects with a unified technical architecture."
Dogecoin Cash Inc. (code: DOGP) stock price has dropped 4.60% over the past 5 days, with a current market value of $4.14 million.
