Dogecoin Cash acquires 420 million $DOG tokens from Bots, Inc.

Investing.com -- Dogecoin Cash, Inc., previously known as Cannabis Sativa, Inc. (OTCQB: CBDS), has disclosed the signing of a definitive agreement with Bots, Inc., a technology and blockchain company based in Puerto Rico. As per the agreement, Dogecoin Cash will acquire 420,000,000 DogeCoin Cash ($DOG) tokens, in exchange for 4,200,000 shares of CBDS common stock. This acquisition aligns with Dogecoin Cash’s broader digital asset strategy, including the exploration of new tokenization and digital payment opportunities.

The transaction is scheduled to close on March 1, 2025. As part of the agreement, CBDS will establish a Binance Wallet to facilitate the transfer of $DOG. The 420 million $DOG tokens, currently visible on BSCScan, will be transferred upon closing.

Bots, Inc., through its affiliate, Bullet Blockchain (BULT), controls 840,000,000 DogeCoin Cash ($DOG) and has agreed to transfer 50% of their holdings to Dogecoin Cash, Inc.

This acquisition follows Dogecoin Cash’s successful completion of its previous acquisition of 600,000,000 $DOG from DogeSPAC, LLC. This transaction increases Dogecoin Cash Inc.’s total holdings of DogeCoin Cash ($DOG) to 1.02 billion tokens, reinforcing its position as a significant stakeholder in the $DOG ecosystem.

David Tobias, Chairman and CEO of Dogecoin Cash, Inc., expressed his enthusiasm for the agreement with Bots, Inc., stating, "This acquisition aligns with our broader vision of integrating blockchain technology into our operations and leveraging emerging digital assets for long-term value creation."

The addition of DogeCoin Cash ($DOG) to CBDS’s portfolio offers new opportunities for blockchain-based applications and financial solutions. CBDS is positioning itself as a forward-thinking company, embracing the potential of digital assets in mainstream industries.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.