Publicly Listed Company Dogecoin Cash Establishes New Subsidiary to Support DOGE Treasury Strategy

On July 2nd, the publicly traded company Dogecoin Cash Inc. announced the formation of its wholly-owned subsidiary Dogecoin Treasury Inc. and will hold Dogecoin (DOGE) as a treasury asset. This company, which was formerly known as Cannabis Sativa, Inc., rebranded to Dogecoin Cash last November, indicating its business expansion from telemedicine to the cryptocurrency and blockchain field. With the establishment of the new subsidiary, the company has further strengthened its connection with Dogecoin. Dogecoin Treasury Inc. will be utilized to "support the company's Dogecoin-related development projects and assist in managing digital assets including DOGE." Part of these projects involve the development of a technical framework called the "Dogecoin Protocol," with the company stating that the protocol will "organize and support all of the company's Dogecoin-related projects under a unified technical architecture." Dogecoin Cash Inc. (ticker: DOGP) has experienced a 4.60% decrease in its stock price over the past 5 days, and its current market capitalization is $4.14 million.