"We plan to list DOGE in the next six to eight weeks," Armstrong said in response to an analyst question. "And then more broadly, we're going to be focused on how we can accelerate asset addition in the future."
Software engineers Jackson Palmer and Billy Markus launched dogecoin in 2013 as a joke to mock cryptocurrencies' speculative nature and engage a wider audience than bitcoin. Featuring a cheery looking Shiba Inu, a small Japanese hunting dog, the coin initially drew a small but loyal following, although its price languished at under a penny until earlier this year.
Over the past six weeks, retail investor interest plus DOGE-friendly tweets by billionaire Elon Musk have sent the coin's price soaring as high as $0.71 on May 5, although it fell under $0.40 shortly after, amid a cryptocurrency pricing freefall.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.