Dogecoin Cash Expands Crypto Holdings with Acquisition of 420 Million DOG Tokens
Deal News | Feb 21, 2025 | EIN
Dogecoin Cash, Inc. has announced a definitive agreement with Bots, Inc. to acquire 420 million Dogecoin Cash tokens in exchange for 4.2 million shares of CBDS common stock. This acquisition aligns with Dogecoin Cash's long-term strategy of expanding its digital asset portfolio, particularly within decentralized finance and blockchain. The transaction is set to close on March 1, 2025. Upon completion, Dogecoin Cash will hold over 1 billion DOG tokens, reinforcing its significant presence in the $DOG ecosystem. The company is constantly seeking strategic growth through acquisitions in the blockchain and cannabis sectors, leveraging blockchain technology to innovate and enhance its operations.
Sectors
- Blockchain and Cryptocurrency
- Decentralized Finance (DeFi)
- Cannabis
- Technology
Geography
- United States – Dogecoin Cash, Inc. is based in Mesquite, NV, USA, supporting its classification within the United States regional market.
- Puerto Rico – Bots, Inc., a participant in the transaction, is based in Puerto Rico.
Industry
- Blockchain and Cryptocurrency – The article discusses Dogecoin Cash's acquisition of Dogecoin Cash ($DOG) tokens, emphasizing blockchain technology's role in its strategic expansion.
- Decentralized Finance (DeFi) – Dogecoin Cash's involvement in acquiring $DOG tokens highlights its strategy within the DeFi space.
- Cannabis – Dogecoin Cash, Inc. is historically linked to the cannabis industry through its operations in cannabis telemedicine and related product development.
- Technology – Participation of Bots, Inc., a technology and blockchain company, links the article to the technology sector.
Financials
- 420,000,000 DOG tokens – The number of DOG tokens Dogecoin Cash, Inc. is acquiring from Bots, Inc.
- 4,200,000 CBDS shares – Shares offered by Dogecoin Cash, Inc. in exchange for DOG tokens.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Dogecoin Cash, Inc. | Buyer | Company | A publicly traded company focused on blockchain and cannabis industries, acquiring DOG tokens to expand its digital asset portfolio. |
| Bots, Inc. | Seller | Company | A Puerto Rico-based technology and blockchain company, partnering with Dogecoin Cash to sell DOG tokens. |
| David Tobias | Chairman and CEO | People | Chairman and CEO of Dogecoin Cash, Inc., overseeing the strategic acquisition. |
| DogeSPAC, LLC | Vendor (Previous Transaction) | Company | Previously sold 600 million DOG tokens to Dogecoin Cash, Inc. |