House of Doge, the business division associated with the Dogecoin Foundation, has recently made its debut on the public market. This strategic move is part of an effort by supporters of this well-known meme cryptocurrency to make inroads into Wall Street and enhance its acceptance in conventional commerce.
The company achieved a listing on Nasdaq through a reverse merger with Brag House Holdings (ticker: TBH), which focuses on online gaming for college students. Before today’s announcement, TBH experienced a significant rise of over 43% within two weeks.
Among those backing House of Doge is Alex Spiro, who serves as Elon Musk’s personal lawyer. They view going public as a crucial step towards establishing Dogecoin as a leading and widely accepted payment option.
“Being publicly traded provides us with access to all necessary capital to ensure that Dogecoin’s utility comes full circle,” Marco Margiotta, CEO of House of Doge, shared during an interview with Decrypt.
The increased availability of funds will be “extremely beneficial” for House of Doge’s plans to expedite global payment infrastructure for Dogecoin more rapidly, according to Margiotta.
Since its inception earlier this year, House of Doge has initiated several projects aimed at increasing the visibility and integration of Dogecoin within traditional financial systems and among mainstream consumers.
The firm plays an integral role in CleanCore—a $170 million treasury dedicated to trading in New York—and has applied for approval alongside 21Shares for a spot-based ETF focused on trading later this year. Approval is highly anticipated by many experts.
Additionally working closely with both 21Shares and Robinhood allows them to develop further yield products related specifically towards everyday traders interested primarily around investing alternatives involving dogecoins themselves!
A recent disclosure revealed some notable investors who supported their private phase including ex-Texas Governor Rick Perry; members from Steinbrenner family owning NY Yankees; Mario Nawfal known via X platform along current/former NHL players like Tyler Seguin/Jason Arnott/Ales Hemsky
This overlap between sports isn’t coincidental either! According Mr.Margiotta – fervent community behind these tokens remains perhaps greatest asset yet thus tokenizing aspects mainstream culture starting first off course sport itself helps connect diehard fandoms together better than ever before
“Our journey begins focusing initially upon sporting realm but expect other exciting alternative asset classes soon follow suit,” he remarked confidently
Pursuing ambitious goals tied specifically toward sports would have been challenging without being publicly held—something Andy DeFrancesco founder emphasized during conversation regarding newfound opportunities available now thanks larger capital base secured via IPO process undertaken successfully earlier today itself!
Margiotta also mentioned how growing global utility associated directly back into corporate entities involved won’t solely benefit them alone though every holder stands chance reaping rewards forthcoming months/quarters/years ahead given projected upward pressure exerted upon coin overall value moving forward consistently higher trajectory predicted long term basis ultimately benefiting everyone invested therein alike equally well too!!”