The Dash investment foundation considers buying stocks in Tesla as well as in Coinbase’s IPO as we can see more in our latest Dash news today.
The Dash investment foundation which is controlled by the Dash decentralized network considers buying shares in Coinbase’s IPO and Tesla in a time when other companies are trying to launch their own cryptocurrencies. Tesla’s CEO Elon Musk, made waves recently by announcing that his company purchased $1.5 billion worth of BTC which was an announcement that generated renewed interest in the cryptocurrency and made the coin surge higher. This also led to speculation which other companies will make an entry with BTC.
Dash has the option to being owned by companies but to also own companies as well. The Dash Investment Foundation is the first of its kind entity that is controlled by the Dash decentralized autonomous organization, allowing the network to legally own property and to have equity in companies. This way, the network could own shares in Tesla and other companies. So according to ot the new poll by communications manager Mark Mason, the top choice was shared in the Coinbase company for the upcoming IPO at 32.1% with the acquisition of Tesla shares coming in at 25.1%. DIF will invest another 28.2% as well while the current portfolio includes equity in trading platforms Ready Raider, Quadency, and CrayPay which is the process of accepting shares from Dash Retail.
Ryan Taylor, the CEO of Dash Core and DIF Supervisor commented:
“What the charter of the Dash Investment Foundation says is that it will invest for the benefit of the network. Now that does technically allow the DIF to invest in stocks, bonds, or whatever it wants. I think the real secret sauce where it really shines is in bringing partners to the table.”
The DIF is the first ownerless investment fund in the world and it was incorporated back in 2019 as a Cayman Island foundation company and it’s completely controlled by the Masternode Network. The foundation is tasked with enhancing the network through investment operations, creating a bridge between the network protocol and the legacy financial and legal systems as well. Mark Matson noted:
“The cryptospace hasn’t realized just yet how revolutionary the DIF is. It’s one of blockchain’s best kept secrets. While the media is currently fixated on tech companies buying Bitcoin. The Dash network is investing and taking equity in blockchain start-ups and tech companies. The DIF portfolio is growing fast, partner interest is strong, the DIF is reviewing many company pitch-decks for investment and we have new DIF investments in the pipeline that we’re very excited to announce to the network. It’s a very exciting time for Dash!”
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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