Recently, the wave of publicly listed companies establishing cryptocurrency reserves has swept across the globe. In a small city in northeastern Colorado, USA, a publicly listed company, Dogecoin Cash Inc., announced plans to establish a subsidiary and allocate DOGE assets. However, prior to this, the company primarily provided online cannabis services and had created a subsidiary to purchase a large amount of a token named "Dogecoin Cash." GMGN data shows that the liquidity of this token is below $4,000, and "this token may be a Pi Xiu."
Data Source: GMGN
DOGE or DOG?
Dogecoin Cash Inc. is a publicly listed company that has transitioned from the medical cannabis industry and is gradually building a dual business layout of "cannabis + crypto." The company initially focused on providing remote medical cannabis services, and its platform PrestoDoctor has offered online consultations and cannabis recommendations to patients in multiple states, holding several patents for cannabis strains and applications.
In November 2024, the company officially changed its name from "Cannabis Sativa, Inc." to "Dogecoin Cash Inc." and entered the cryptocurrency asset field by establishing multiple subsidiaries.
On June 13, 2025, Dogecoin Cash, Inc. announced the completion of the previously disclosed acquisition of 420 million DOG tokens, increasing the total amount of DOG tokens held by the company to 2 billion. This acquisition also included the domain name AltcoinMarketCap.com. The company plans to develop this website into a community-driven altcoin index platform, integrating it into the broader DOGP ecosystem. The platform will focus on showcasing popular digital assets that are centered around meme culture and community support, aligning with DOGP's mission to promote decentralized crypto culture.
In early 2025, Dogecoin Cash Inc. established a wholly-owned subsidiary, MEME Coins Inc., primarily responsible for holding and managing DOG, which is a meme coin deployed on the BSC chain, rather than the actual DOGE cryptocurrency. According to on-chain data, the company's wallet has accumulated 3 billion DOG tokens.
MEME Coins Inc. is the first subsidiary under DCI to venture into cryptocurrency assets, focusing on the meme coin (DOG) strategy. On March 24, MEME Coins Inc. reached an agreement with Tipestry Inc. to successfully acquire 1 billion Dogecoin Cash (DOG) tokens. On June 25, SEC filings revealed that MEME Coins Inc. issued 250,000 shares of preferred stock to Tipestry at a par value of $20 per share in exchange for complete control and ownership of this batch of tokens. Tipestry will transfer the tokens to a dedicated wallet and grant all access rights to MEME Coins Inc. for safekeeping.
Company CEO David Tobias stated that this acquisition is an important step for Dogecoin Cash in expanding its digital asset portfolio and further strengthens the company's layout in the crypto ecosystem.
On July 1, 2025, the newly established wholly-owned subsidiary Dogecoin Treasury Inc. was created, focusing on supporting the company's development projects related to Dogecoin, assisting in managing the digital assets (including DOGE) held or acquired by the company, and serving as a platform for protocol asset ownership and long-term planning. A spokesperson for Dogecoin Cash Inc. stated that DTI provides a dedicated framework for the company's technical work and business objectives, helping to orderly advance the development and implementation of internal tools, including the Dogecoin protocol.
As of now, the company has accumulated over 4 billion DOG tokens, and this transaction will not dilute the rights of existing shareholders, nor will the capital structure be affected. However, there are currently no clear documents indicating that the company holds DOGE-related assets.
Stock and Coin Prices Drop, A Wave of Liquidation?
The stock price of Dogecoin Cash Inc. has recently entered a consolidation phase. As of the close of U.S. stocks on July 1, 2025, DOGP closed at $0.0289, down 1.03% for the day, continuing a slight adjustment trend that has persisted for nearly a week. Since hitting a 52-week low of $0.0028 in September 2024, DOGP has seen a cumulative increase of over 900%, reaching a yearly high of $0.1662 in December 2024. However, entering the second quarter of 2025, the stock has significantly retreated, with the current price down over 80% from its peak.
Data Source: TradingView
As of now, the price of the company's on-chain token DOG has fallen over 80% from its peak.
Data Source: Dexscreener
According to publicly disclosed data, Dogecoin Cash Inc. exhibits a management-dominated equity structure. The company's major shares are held by board members and executives, with low participation from institutional investors, while public shareholders hold the remaining majority of circulating shares.
Data Source: simplywall
CEO David Tobias is the largest single shareholder, holding approximately 31.2 million shares, accounting for about 22.8% of the company's total equity. Besides him, board members Kyle Powers, financial officer Carolyn Merrill, board members Catherine Carroll, Robert Tankson, and Trevor Reed hold between 1.6% and 5.1% of shares, ranging from 1.6 million to 7.4 million shares.
The company's board and executive team collectively control over 40% of the shares, indicating a strong internal control characteristic. This structure somewhat ensures consistency in strategic execution but also means that external investors have relatively limited influence in corporate governance.
The proportion of shares held by institutional investors is very low. Currently, only a few small institutions have disclosed holdings in the company. For example, Advisors Management Group, Inc. holds 42,700 shares, about 0.03% of the total equity; Winch Advisory Services LLC holds only 93 shares, accounting for less than 0.001%. This indicates that mainstream institutions have not shown significant investment interest in Dogecoin Cash.
Aside from internal executives and a small number of institutions, approximately 55% to 60% of the shares are held by retail investors. This portion constitutes the main source of circulating shares in the market.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
