New leveraged ETF offers investors 2x daily exposure to Dogecoin, expanding 21shares’ U.S. product lineup following FalconX acquisitionNEW YORK, Nov. 20, 2025 (GLOBE NEWSWIRE) -- House of Doge, the official corporate arm of the Dogecoin Foundation, along with merger partner Brag House Holdings Inc. (NASDAQ: TBH), today celebrates the launch of the 21Shares 2x Long Dogecoin ETF (Ticker: TXXD) (the “Fund”). Launched by House of Doge partner 21Shares, one of the world’s leading issuers of crypto exchange-trade ...

NEW YORK, Nov. 20, 2025 (GLOBE NEWSWIRE) --  House of Doge, the official corporate arm of the Dogecoin Foundation, along with merger partner Brag House Holdings Inc. (NASDAQ: TBH), today celebrates the launch of the 21Shares 2x Long Dogecoin ETF (Ticker: TXXD) (the “Fund”). Launched by House of Doge partner 21Shares, one of the world’s leading issuers of crypto exchange-traded funds (ETFs), TXXD will offer investors leveraged exposure to one of the most dynamic and community-driven assets in the digital ass ...

Revenue and Income - Revenue for the nine months ended September 30, 2025 was $0, a decrease from $55 in the same period of 2024, primarily due to no revenue-generating tournament activity or live streaming services [224]. - Other income for the nine months ended September 30, 2025 was a net income of $3,624,433, compared to a net expense of $1,740,710 in the same period of 2024, driven by a $4,080,000 net unrealized gain on equity securities [227]. - Other income for Q3 2025 was $4,171,117, compared to net other expenses of $460,620 in Q3 2024, driven by a net unrealized gain on equity securities of $4,080,000 [232]. - The company anticipates continued operating losses as it executes its development plans through 2025, raising concerns about its ability to continue as a going concern [242]. - As of September 30, 2025, the company has incurred recurring losses from operations and has not generated net income for an entire year of operations [269]. - The company anticipates continued operating losses and negative cash flows from operations for the foreseeable future [269]. - The company does not expect to generate sufficient revenue to achieve net income during the next twelve months [270]. Operating Expenses - Operating expenses for the nine months ended September 30, 2025 were $3,856,687, an increase of $2,596,624 compared to $1,260,063 in the same period of 2024, mainly due to increased spending post-IPO [226]. - Operating expenses for Q3 2025 were $1,630,481, a significant increase of $1,080,043 (197%) compared to $549,438 in Q3 2024, primarily due to increased selling, general and administrative expenses and stock-based compensation [231]. - Cash flows used in operating activities for the nine months ended September 30, 2025, were $(4,215,961), a substantial increase from $(528,504) in the same period of 2024 [243]. Cash and Liquidity - The company had cash of $9,595,577 as of September 30, 2025, compared to $29,228 as of December 31, 2024, indicating a significant increase in liquidity due to IPO proceeds [233]. - Net proceeds from financing activities for the nine months ended September 30, 2025, were $18,658,936, significantly higher than $544,520 in the same period of 2024 [246]. - Current cash and cash equivalents, including funds from the IPO and PIPE Offering, are believed to be sufficient to fund operations for at least the next twelve months [271]. Strategic Partnerships and Initiatives - The company launched its first activation under a strategic partnership with Learfield in May 2025, starting with the University of Florida [212]. - The company anticipates scaling Learfield-based activations across additional universities and launching digital activations with rewards through Loyalty Tokens [221]. - The company has secured a strategic partnership with Learfield Communications, aiming to leverage college networks for sponsorship revenue and data insights [238]. Engagement and Growth Metrics - The company experienced a 148% year-over-year increase in video views from 2020 to 2024, reaching nearly 1,400,000 views by September 30, 2025 [209]. - Impressions increased by 57% year-over-year from 2020 to 2024, totaling nearly 8.5 million since inception [209]. - The average viewing time for live streams was 19 minutes, significantly higher than the industry benchmark of 11 minutes, indicating strong viewer engagement [209]. - The Golden Royale Cup tournament in November 2023 garnered nearly 300,000 views and 20,000 total hours of live-streaming content, showcasing the company's growing engagement in esports [236]. Development and Future Plans - A beta version of a scalable data insights monetization SaaS model is expected to be ready by Q1 2026, aimed at providing a recurring revenue stream [213]. - The company is in the development stage of its platform and related software, with ongoing investments in product development, infrastructure, and customer acquisition planned [271]. Audit and Compliance - The independent auditors' report expresses substantial doubt about the company's ability to continue as a going concern [269]. - The financial statements have been prepared in conformity with U.S. GAAP, assuming continuation of the company as a going concern [272]. Stock Options and Valuation - The company issued stock options and warrants in connection with the IPO and PIPE Offering during the nine months ended September 30, 2025 [264]. - Key assumptions for stock options and warrants valuation include expected volatility, expected term, risk-free interest rate, and expected dividend yield [265]. - The company uses the "simplified method" for estimating the expected term for stock options issued at-the-money [266].

Core Insights - The article features an interview with Lavell Juan Malloy II, Chairman and CEO of Brag House Holdings, discussing the company's strategy to transition from a media platform to a financial powerhouse, emphasizing engagement with Gen Z and partnerships with major brands [2][3]. Company Strategy - Brag House's "Culture to Capital Playbook" aims to leverage cultural engagement to create financial opportunities, focusing on the Gen Z demographic and collaborations with Fortune 500 companies like McDonald's and Coca-Cola [2][3]. - The merger with House of Doge is seen as a strategic move to combine Brag House's community engagement expertise with House of Doge's financial technology infrastructure, targeting three key verticals: Payments Infrastructure, Real-World Asset Tokenization, and Brand & Licensing Ecosystem [3][7]. Leadership Background - Lavell Juan Malloy II's background as a college athlete, securities lawyer, and serial founder is highlighted as a significant factor in the company's compliance-first approach to innovation, ensuring that the company innovates within regulatory frameworks [4]. House of Doge Overview - House of Doge, the corporate arm of the Dogecoin Foundation, is focused on advancing Dogecoin as a decentralized global currency, investing in infrastructure to integrate Dogecoin into everyday commerce [4]. - The company aims to build secure and efficient systems for real-world applications of Dogecoin, moving beyond its meme origins to fulfill its mission of "Doing Only Good Everyday" [4]. Key Initiatives - The Payments Infrastructure initiative includes developing merchant rails, wallets, and debit cards for Dogecoin transactions in daily commerce [7]. - Real-World Asset Tokenization aims to fractionalize ownership of valuable assets, such as sports clubs and real estate, appealing to community interests [7]. - The Brand & Licensing Ecosystem seeks to expand the Dogecoin brand into various sectors, creating a self-sustaining economic environment where culture and commerce intersect [7].

Core Insights - The merger between Brag House Holdings, Inc. and House of Doge Inc. aims to create a comprehensive financial infrastructure company focused on digital payments, asset management, RWA tokenization, and digital media, leveraging Brag House's "Cultural Capital Playbook" on a global scale [1][2]. Group 1: Strategic Vision - The combined entity's strategy is anchored by a "Culture to Capital" approach, which has successfully engaged the Gen Z demographic and secured partnerships with Fortune 500 companies [2]. - The vision emphasizes the cultural significance of Dogecoin, which has over 6.1 million holders and a market capitalization exceeding $30 billion, positioning it as a major player in the cryptocurrency space [3]. Group 2: Leadership and Experience - Marco Margiotta, CEO of House of Doge, will lead the combined entity, bringing extensive experience from the payments and finance industry, including founding PayFare, a global payments solution provider with over $15 billion in annual processing [3]. Group 3: Core Verticals - The strategy will focus on four core verticals: 1. Digital Payments: Developing institutional-grade payment systems to facilitate everyday commerce using Dogecoin [6]. 2. Asset Management & RWA Tokenization: Creating regulated financial products and tokenizing high-value assets [6]. 3. Brand & Licensing: Leveraging Dogecoin's global recognition to establish a culture-driven financial brand [6]. 4. Digital Media & Data Insights: Utilizing Brag House's expertise to introduce new financial products to the Gen Z audience [6]. Group 4: House of Doge's Commitment - House of Doge is dedicated to advancing Dogecoin as a decentralized global currency, investing in infrastructure to integrate it into everyday commerce and leading the next era of crypto utility [4].

Core Insights - House of Doge Inc. has partnered with Brag House Holdings and U.S. Triestina Calcio 1918 for a multi-asset sponsorship that prominently features Dogecoin on the club's match jerseys, marking a significant milestone as the first cryptocurrency company to own a major stake in a professional football club [1][4] - The sponsorship aims to enhance the recognition of Dogecoin as a practical digital currency, integrating it into real-world applications such as ticketing and merchandise payments at the stadium [4][5] - The agreement will be active for the remainder of the 2025/26 season and the entire 2026/27 season, with the kit reveal and on-pitch debut pending final creative approvals [6] Company Overview - House of Doge is the official corporate arm of the Dogecoin Foundation, focused on promoting Dogecoin as a widely accepted decentralized currency and investing in infrastructure for its integration into everyday commerce [7] - Brag House is a media technology gaming platform that aims to transform casual gaming into a community-driven experience, connecting brands with the Gen Z demographic through gaming and social interaction [9] Sponsorship Details - Dogecoin will be featured as the main branding on Triestina's official match kits, with House of Doge branding appearing on sleeves and shorts [8] - The sponsorship includes visibility on in-stadium LED boards, promotional videos during matchdays, and branding on media backdrops for interviews [8]

Core Insights - House of Doge Inc. has made a strategic investment in HC Sierre, becoming the second largest owner and Principal Sponsor of the Swiss professional hockey club [1] - The partnership aims to merge traditional sports heritage with digital innovation, enhancing fan ownership models and community engagement [3][4] - This investment follows House of Doge's acquisition of U.S. Triestina Calcio 1918, marking a significant expansion into European sports [4][5] Company Overview - House of Doge is the official corporate arm of the Dogecoin Foundation, focused on advancing Dogecoin as a decentralized global currency [9] - The company aims to integrate Dogecoin into everyday commerce through investments in infrastructure and real-world asset tokenization [9] Investment Details - HC Sierre, founded in 1933, competes in the Swiss League and is known for its community roots and passionate supporters [2] - The collaboration will support major projects like the Valais Arena and the club's promotion goals [2] Strategic Goals - The partnership is designed to introduce digital infrastructure and fan-ownership models that align with Dogecoin's community ethos [6] - House of Doge plans to enable cryptocurrency payments for tickets, concessions, and merchandise at HC Sierre's home arena [6] Leadership Perspectives - The CEOs of both House of Doge and Brag House Holdings emphasize the importance of blending community, heritage, and digital innovation in this partnership [4][7] - HC Sierre's leadership views the partnership as a natural alignment between tradition and innovation [8]

Core Insights - Class Action Attorney Juan Monteverde and his firm, Monteverde & Associates PC, are investigating Brag House Holdings, Inc. (NASDAQ: TBH) regarding its sale to House of Doge Inc., an affiliate of the Dogecoin Foundation, which will result in House of Doge becoming the majority shareholder of the combined entity [1]. Company Overview - Monteverde & Associates PC is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report and has successfully recovered millions of dollars for shareholders [1]. - The firm operates from the Empire State Building in New York City and has a strong track record in both trial and appellate courts, including the U.S. Supreme Court [2]. Investigation Details - The investigation focuses on whether the proposed transaction between Brag House Holdings and House of Doge is a fair deal for shareholders [1]. - The firm encourages shareholders with concerns to reach out for additional information at no cost [2].

Core Insights - House of Doge Inc. has become the largest equity holder in U.S. Triestina Calcio 1918, marking a significant integration of cryptocurrency into traditional sports ownership [1][2] - This investment represents Dogecoin's most ambitious move into European football, aiming to merge digital assets with sports [2][3] Investment and Strategy - House of Doge plans to provide immediate capital investment to enhance football operations and community initiatives at Triestina [3] - The integration of cryptocurrency will include enabling crypto payments for tickets, concessions, and merchandise, aiming to modernize the match-day experience [3][4] Leadership and Governance - Marco Margiotta, CEO of House of Doge, emphasized the connection between Dogecoin's community and Triestina, showcasing the potential of digital assets to create real-world value [4] - Roger Rai has been appointed to the Advisory Board to provide expertise in sports operations and enhance the supporter experience [4] Company Background - House of Doge is focused on advancing Dogecoin as a decentralized global currency, investing in infrastructure for its integration into everyday commerce [5] - Brag House is a media technology gaming platform that aims to transform casual gaming into a community-driven experience, enhancing engagement with the Gen Z demographic [6]

Core Insights - House of Doge Inc. has appointed Matt Swann as Chief Digital Officer to lead digital transformation and expansion initiatives following its merger with Brag House Holdings, Inc. [1][3] - The merger aims to transition Dogecoin into an institutional-grade ecosystem that supports payment processing, tokenization, and yield-driven products [3][6] - Swann's extensive experience in fintech, e-commerce, and blockchain innovation positions him to drive the development of digital capabilities and fan ownership models [2][4] Company Overview - House of Doge is the official corporate arm of the Dogecoin Foundation, focused on advancing Dogecoin as a decentralized global currency [6] - The company is committed to building secure and scalable systems for real-world use, integrating Dogecoin into everyday commerce [6] Leadership and Strategy - Matt Swann's leadership will focus on extending Dogecoin's reach across global financial and consumer networks, emphasizing community utility and tokenization [4] - The strategy includes establishing advanced payment infrastructure, enhancing fan engagement, and transforming real-world assets into tradable digital markets [5] Market Positioning - The merger with Brag House is expected to create a next-generation fan economy across entertainment, gaming, and real-world assets, enhancing fan ownership and engagement [4][7] - House of Doge aims to unlock new models for fan ownership and engagement, positioning itself at the intersection of technology and finance [4][5]