Triestina calcio in the hands of the cryptocurrency dear to Elon Musk: Dogecoin Foundation is first shareholder
US Triestina Calcio 1918 is owned by cryptocurrencies. The main shareholder of the club, which plays in Serie C, has become the Dogecoin Foundation through its subsidiary Dogecoin Ventures, Inc.
2' min read
2' min read
US Triestina Calcio 1918 is owned by cryptocurrencies. The main shareholder of the club, which plays in Serie C, has become the Dogecoin Foundation through its subsidiary Dogecoin Ventures, Inc. Apart from a brief and unsuccessful precedent for an English fourth league team, this is the first experience of its kind.
The arrival of Dogecoin
.The entry of Dogecoin comes after the sad exit of the American investment group LBK Capital LLC led by Ben Rosenzweig (resigned), which 'burned' 25 million in a year and a half. After league penalties for missed salaries and pre-bankruptcy situations, enter Dogecoin, a decentralised and open-source digital currency launched in December 2013 by software engineers Billy Markus and Jackson Palmer.
The other examples in Italy
In Italy, as reported by the Gruppo Nord Est Multimedia (Nem) newspapers, there are examples with Juventus whose 10.1 per cent is held by Tether and with Inter who in 2021 signed a contract with DigitalBits for EUR 85 million over four years. But the company never paid a single instalment.
House of Doge is considered 'Dogecoin's most ambitious step in European football, positioning House of Doge as a leader in the convergence of digital assets and traditional sport,' according to a note.
The new Board of Directors is expected to meet in the next few days with the appointment of the new president of Us Triestina Calcio 1918, meanwhile, Inps and Irpef taxes for the months of May and June, amounting to approximately 1.5 million, are due on Tuesday.
