Chinese cryptocurrency journalist and blogger Colin Wu has announced the completion of Spirit Blockchain Capital's acquisition of Dogecoin Holdings. This move has the potential to boost global adoption of the popular meme cryptocurrency, DOGE.

Spirit Blockchain Capital's acquisition of Dogecoin Holdings aims to drive global adoption of Dogecoin. Ankr co-founder Chandler Song has invested in Dogecoin Holdings and will serve as a strategic advisor.

Dogecoin Portfolio Holdings Corp is a blockchain company focused on managing and developing Dogecoin-related assets. Spirit Blockchain intends to create new DOGE-based products and expand Dogecoin's reach in decentralized finance (DeFi), leveraging its popularity among high-profile influencers and the Dogecoin community.

Dogecoin Holdings was founded by a team of entrepreneurs and Dogecoin enthusiasts. The acquisition's goal is to attract retail and institutional investors while enhancing DOGE's utility and accessibility globally.

Under the agreement, Spirit Blockchain will acquire all issued securities of Dogecoin Holdings in exchange for 14,000,000 common shares and share purchase warrants. This will facilitate Spirit's integration with Dogecoin Holdings' assets and operations, creating value for both companies' shareholders.

Originally announced in October, the acquisition has now been finalized, as reported by Colin Wu.