- MEME Coins Inc., a subsidiary of Dogecoin Cash Inc. (OTC: CBDS), acquired 1 billion DogeCoin Cash (DOG) tokens from Tipestry Inc.
- The acquisition was completed via the issuance of 125,000 preferred MEME Coins shares, reduced from 500,000 as initially proposed.
- CBDS’s total DOG holdings have increased to 1.6 billion tokens, verifiable on the Binance Smart Chain.
Dogecoin Cash Inc., trading under OTC: CBDS, has announced the successful acquisition by its wholly owned subsidiary, MEME Coins Inc., of 1 billion DogeCoin Cash (DOG) tokens from Tipestry Inc. This transaction was finalized through the issuance of 125,000 preferred shares, a strategic adjustment from the initially planned 500,000 shares, thereby reducing potential shareholder dilution.
With this acquisition, CBDS’s holdings in DOG tokens have surged to 1.6 billion, marking a significant addition to their digital asset portfolio. The DOG tokens can be publicly verified on the Binance Smart Chain, enhancing transparency and trust among stakeholders.
This move highlights CBDS’s strategic shift towards blockchain innovation and digital asset initiatives, strengthening their focus on emerging technologies while maintaining their core business in medical cannabis telemedicine through PrestoDoctor. The acquisition aligns with MEME Coins Inc.’s efforts to enhance their position in the digital asset space, particularly within meme-based cryptocurrency innovation and utility.
The acquisition underscores Dogecoin Cash Inc.’s broader vision to integrate digital asset management and blockchain technology into their business operations, positioning MEME Coins Inc. as a key player in the volatile yet promising crypto market.
For further verification, the DOG token transfer can be checked on the Binance Smart Chain via BSCScan at this link.
