Dogecoin Surges 13,000% as Institutions Invest Big

Dogecoin (DOGE) is experiencing a notable increase in institutional interest, primarily driven by optimism surrounding the potential approval of multiple DOGE spot ETFs and regulatory clarity in the U.S. This trend is evident through significant investments from major companies, such as Remixpoint, a Tokyo-based energy consulting firm, which has substantially increased its crypto holdings over the past year.

According to an earnings report, Remixpoint’s crypto holdings surged from $446,500 on March 31, 2024, to $38 million by December 31, 2024. By February 2025, the company had expanded its crypto portfolio to approximately $59.1 million, representing a 13,000% increase in just nine months. This strategic move aims to hedge against the declining value of the yen and broaden Remixpoint’s financial assets. The company’s diversified cryptocurrency portfolio includes substantial holdings in Bitcoin, Ethereum, Solana, XRP, and Dogecoin.

This shift in perception is not limited to Remixpoint. Neptune Digital Assets, a publicly traded Canadian blockchain company, purchased approximately 1 million DOGE tokens for $258,000 in December 2024. Additionally, last November, Spirit Blockchain Capital acquired Dogecoin Portfolio Holding Corp to expand Dogecoin’s ecosystem and utility. Tesla CEO Elon Musk also confirmed that the company had not sold any of its Dogecoin holdings, though the exact amount remains undisclosed. Tesla began accepting Dogecoin for select merchandise in December 2021, reinforcing Musk’s ongoing support for the cryptocurrency.

The surge in interest for DOGE comes amid discussions surrounding the potential approval of Bitwise, 21Shares, and Grayscale by the SEC. If approved, these ETFs could further strengthen Dogecoin’s presence in financial markets, potentially boosting its price. The recent developments in the cryptocurrency payment sector have further fueled this interest. The X Payments function, which is about to undergo a small-scale test, has triggered a sharp rise in Dogecoin prices. This payment revolution has made PBK Miner’s Dogecoin cloud mining service a strategic tool for retail investors to capitalize on the momentum of crypto payments. The implementation of payment use cases is expected to significantly increase the real-world value of Dogecoin, making it a more attractive investment option.

PBK Miner’s cloud mining service offers several strategic advantages. Firstly, it provides real-time understanding of market trends, allowing users to start mining immediately without any technical expertise or expensive hardware. Secondly, it offers a hedge against Dogecoin price fluctuations through its AI cloud mining system, which automatically switches to high-potential currencies. Lastly, it provides intelligent income with real-time settlement, using a self-developed profit calculation engine to monitor Dogecoin hash rate and price trends in real time.

In response to the expected surge in demand, PBK Miner has upgraded its Dogecoin mining service. It has launched a $10 welcome bonus for new users, provided 24/7 manual customer support, and introduced short-term cloud computing power contracts suitable for trial investment and quick arbitrage. These upgrades are aimed at making the service more accessible and attractive to a wider range of investors.

The surge in institutional interest in Dogecoin is a testament to the growing acceptance of cryptocurrencies as a viable investment option. The potential approval of DOGE spot ETFs and the developments in the cryptocurrency payment sector are likely to further fuel this interest, making Dogecoin a more attractive investment option for both institutional and retail investors. However, it is important to note that cryptocurrency mining and staking involve risks and may result in loss of funds. It is strongly recommended that investors perform due diligence, including consulting a professional financial advisor, before investing or trading in cryptocurrencies and securities.