House of Doge Releases 2025 Shareholder Letter, Plans Merger with Brag House
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 18 2025
0mins
Should l Buy TBH?
House of Doge released its 2025 Shareholder Letter from CEO Marco Margiotta, outlining a year of deliberate, foundational progress and positioning the Company for focused execution in 2026. The letter details the Company's definitive merger agreement with Brag House Holdings, expansion of the Official Dogecoin Treasury, increased regulated institutional access to Dogecoin through 21Shares ETP and ETF products, advancement of a multi-pillar revenue strategy, payments ecosystem development, and strategic professional sports investments designed to support long-term adoption and commercialization. 2025 House of Doge Shareholder Highlights: 2025 marked a foundational year focused on building the corporate framework, infrastructure, product strategy, and partnerships required to support scaled execution in 2026. Definitive merger agreement signed with Brag House Holdings (TBH), with closing expected early in the first quarter of 2026 subject to regulatory approval. Established the Official Dogecoin Treasury and scaled to more than 730 million Dogecoin, with a 10 year asset management agreement, positioning House of Doge among the largest institutional managers of Dogecoin globally, in partnership with CleanCore Solutions (ZONE). Expanded regulated institutional and retail access to Dogecoin through partnership with 21Shares, including ETP and ETF products in Europe and the United States. Diversified commercialization and cash-generating model defined across treasury-related participation, management fees, payments infrastructure, licensing and brand partnerships, and sports-based commerce, designed to scale alongside adoption.Payments and product ecosystem advanced, with planned B2B and B2C solutions under development and initial rollouts, including a rewards debit card, expected to begin in Q1 2026. Strategic professional sports investments in U.S. Triestina Calcio 1918 and HC Sierre, establishing real-world platforms for Dogecoin visibility, fan engagement, and future commerce, tokenization and payments use cases. Tokenization framework and partner-driven RWA initiatives established, creating a scalable foundation for real-world-asset development and next-generation fan engagement. "The progress we made in 2025 reflects a deliberate strategy to build durable infrastructure first, before scaling products, payments, and revenue," said Margiotta. "As we move into 2026, our focus shifts toward execution: closing the Brag House transaction, activating payments and merchant partnerships, and bringing Dogecoin further into everyday economic activity."
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About TBH
Brag House Holdings, Inc. is a vertically integrated social network for college esports. The Company’s platform focuses on building a centralized esports experience for non-professional college gamers and their fans, by allowing college students to compete against one another, support their favorite gamers and teams and win prizes. Its approach combines gamer recruitment, facilitation of community engagement and content creation, live-stream production and tournament host activities. By facilitating the creation and publication of all content on its platform, it offers a one-stop interface and control all aspects of the user experience, from community building to gamified engagement, to hosting and producing tournaments. It provides white-labeled tournament planning, marketing, gamer recruiting and onboarding services to its sponsor partners. It performs all publicity and marketing for the tournament and host its production, including the streaming and live broadcast of the tournament.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Strong Stock Performance: On its first trading day, BitGo's stock opened at $22.43 per share, reflecting strong market demand for its crypto custody services and enhancing the company's influence in the digital asset space.
- NYSE Tokenized Securities Platform: The New York Stock Exchange announced the development of a tokenized securities trading platform aimed at enabling 24/7 trading and instant settlement, intending to modernize market infrastructure by integrating blockchain technology with traditional securities trading.
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- Exchange Listing Date: TDOG will begin trading on NASDAQ on January 22, 2026, allowing investors to participate in Dogecoin's growth through their existing brokerage accounts, simplifying the investment process.
- Security and Transparency: The ETF holds Dogecoin assets on a 1:1 basis, ensuring a secure and transparent investment experience for investors under institutional-grade custody, thereby reducing the complexities associated with digital wallets and exchanges.
- Market Potential and Community Support: With the Dogecoin ecosystem maturing and increasing merchant adoption alongside a highly engaged community, the launch of TDOG is expected to further enhance mainstream recognition and market acceptance of Dogecoin.
See More
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Focus on Dogecoin: The new ETF aims to provide investors with exposure to Dogecoin, a popular cryptocurrency known for its community and meme culture.
See More
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- Development Team Background: Built by a team of 20 developers in Melbourne, Australia, starting in March 2025, the app utilizes open-source technology from the Dogecoin Foundation, aiming to reduce friction in transactions for both holders and merchants.
- Market Reaction Analysis: Despite the launch of a utility-focused app, DOGE has fallen 4% and breached the critical support level of $0.1215, indicating a lack of market confidence in its future utility, with the price down 54% from the September peak.
- Future Development Outlook: House of Doge plans to develop additional features for the 'Such' app post-launch, although specific details remain undisclosed, with the platform aiming to convert community engagement into economic value and promote Dogecoin as a functional payment system.
See More
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- User Functionality Innovation: The Such app will feature a self-custodial wallet and real-time transaction feed, enabling users to manage their Dogecoin easily and track transactions live, which is expected to boost user confidence and engagement with Dogecoin.
- Merchant Tools Integration: The app will include a 'Hustles' feature that assists small businesses and independent sellers in accepting Dogecoin payments, creating new transaction channels that are anticipated to promote the widespread use of Dogecoin among small enterprises.
- Team and Technical Support: The development team for the Such app consists of 20 members based in Melbourne, Australia, leveraging open-source technology to simplify transaction processes, thereby driving long-term Dogecoin adoption and strengthening the ecosystem.
See More
House of Doge Merges with Brag House to Propel Dogecoin Development
- Merger Agreement Signed: House of Doge has signed a definitive merger agreement with Brag House Holdings, expected to close in Q1 2026, which will enhance the company's capital access and market visibility.
- Dogecoin Asset Management: The establishment of the Official Dogecoin Treasury, managing over 730 million DOGE, positions House of Doge as one of the largest institutional managers of Dogecoin globally, showcasing its leadership in digital asset management.
- Payments Ecosystem Development: The company plans to roll out multiple B2B and B2C payment solutions in Q1 2026, including a rewards debit card accepted by 150 million merchants, aimed at driving everyday use and consumer adoption of Dogecoin.
- Strategic Sports Investments: House of Doge has become the largest shareholder of Italy's U.S. Triestina Calcio 1918 and invested in Switzerland's HC Sierre, leveraging sports platforms to enhance Dogecoin's visibility and commercialization potential.
See More
BitGo (BTGO) Goes Public, Raises $212.8M with $2.59B Valuation
- Successful IPO: BitGo listed on the New York Stock Exchange, pricing its IPO at $18 per share, exceeding the expected range of $15-$17, successfully raising $212.8M, marking the first stock market debut by a digital asset company in 2026.
- Strong Stock Performance: On its first trading day, BitGo's stock opened at $22.43 per share, reflecting strong market demand for its crypto custody services and enhancing the company's influence in the digital asset space.
- NYSE Tokenized Securities Platform: The New York Stock Exchange announced the development of a tokenized securities trading platform aimed at enabling 24/7 trading and instant settlement, intending to modernize market infrastructure by integrating blockchain technology with traditional securities trading.
- Strategic Bitcoin Acquisition: Strategy reported acquiring 22,305 bitcoins for approximately $2.125B between January 12 and January 19, demonstrating its proactive positioning in the cryptocurrency market, now holding 709,715 bitcoins with a total investment of about $53.92B.
See More
House of Doge and Brag House Launch First Dogecoin ETF with 0.50% Fee
- Launch of Dogecoin ETF: House of Doge and Brag House Holdings have launched the 21shares Dogecoin ETF (TDOG), the only ETF endorsed by the Dogecoin Foundation, marking a significant step towards the formalization and transparency of Dogecoin investments.
- Exchange Listing Date: TDOG will begin trading on NASDAQ on January 22, 2026, allowing investors to participate in Dogecoin's growth through their existing brokerage accounts, simplifying the investment process.
- Security and Transparency: The ETF holds Dogecoin assets on a 1:1 basis, ensuring a secure and transparent investment experience for investors under institutional-grade custody, thereby reducing the complexities associated with digital wallets and exchanges.
- Market Potential and Community Support: With the Dogecoin ecosystem maturing and increasing merchant adoption alongside a highly engaged community, the launch of TDOG is expected to further enhance mainstream recognition and market acceptance of Dogecoin.
See More
House of Doge and Merger Partner Brag House Holdings Unveil the Launch of the 21Shares Dogecoin ETF (TDOG)
Announcement of New Launch: House of Doge and Merger Partner Brag House Holdings have announced the launch of the 21 Shares Dogecoin ETF (TDOG).
Focus on Dogecoin: The new ETF aims to provide investors with exposure to Dogecoin, a popular cryptocurrency known for its community and meme culture.
See More
Dogecoin Launches 'Such' App to Facilitate Everyday Payments Amid Price Decline
- App Features: The 'Such' app, launched by the Dogecoin Foundation and Brag House, aims to simplify everyday Dogecoin payments through a self-custodial wallet, real-time transaction feeds, and merchant tools, enabling small businesses to accept DOGE payments.
- Development Team Background: Built by a team of 20 developers in Melbourne, Australia, starting in March 2025, the app utilizes open-source technology from the Dogecoin Foundation, aiming to reduce friction in transactions for both holders and merchants.
- Market Reaction Analysis: Despite the launch of a utility-focused app, DOGE has fallen 4% and breached the critical support level of $0.1215, indicating a lack of market confidence in its future utility, with the price down 54% from the September peak.
- Future Development Outlook: House of Doge plans to develop additional features for the 'Such' app post-launch, although specific details remain undisclosed, with the platform aiming to convert community engagement into economic value and promote Dogecoin as a functional payment system.
See More
House of Doge Launches Such App to Enhance Dogecoin Payments
- App Launch Plan: House of Doge, in partnership with Brag House, is set to launch the Such app in the first half of 2026, aiming to provide Dogecoin users with a convenient payment method that enhances the utility of Dogecoin in everyday commerce.
- User Functionality Innovation: The Such app will feature a self-custodial wallet and real-time transaction feed, enabling users to manage their Dogecoin easily and track transactions live, which is expected to boost user confidence and engagement with Dogecoin.
- Merchant Tools Integration: The app will include a 'Hustles' feature that assists small businesses and independent sellers in accepting Dogecoin payments, creating new transaction channels that are anticipated to promote the widespread use of Dogecoin among small enterprises.
- Team and Technical Support: The development team for the Such app consists of 20 members based in Melbourne, Australia, leveraging open-source technology to simplify transaction processes, thereby driving long-term Dogecoin adoption and strengthening the ecosystem.
See More
House of Doge Merges with Brag House to Propel Dogecoin Development
- Merger Agreement Signed: House of Doge has signed a definitive merger agreement with Brag House Holdings, expected to close in Q1 2026, which will enhance the company's capital access and market visibility.
- Dogecoin Asset Management: The establishment of the Official Dogecoin Treasury, managing over 730 million DOGE, positions House of Doge as one of the largest institutional managers of Dogecoin globally, showcasing its leadership in digital asset management.
- Payments Ecosystem Development: The company plans to roll out multiple B2B and B2C payment solutions in Q1 2026, including a rewards debit card accepted by 150 million merchants, aimed at driving everyday use and consumer adoption of Dogecoin.
- Strategic Sports Investments: House of Doge has become the largest shareholder of Italy's U.S. Triestina Calcio 1918 and invested in Switzerland's HC Sierre, leveraging sports platforms to enhance Dogecoin's visibility and commercialization potential.
See More
