Brag House Holdings shares rose 12% after House of Doge partnered with Paxos to integrate Dogecoin into Paxos’ enterprise custody network powering distribution through PayPal and Venmo. The partnership coincided with a 1-for-8 reverse stock split, cutting outstanding shares and creating a thinner free float that may amplify volatility.
House of Doge, the commercial arm of the Dogecoin Foundation, has teamed with Paxos to embed Dogecoin into Paxos’ enterprise-grade crypto brokerage and custody infrastructure. This integration will provide regulated custody, liquidity and compliance services for Dogecoin, opening global distribution through Paxos’ client network.
Paxos powers cryptocurrency services for platforms including PayPal, Venmo, Interactive Brokers and Mercado Libre. By leveraging this infrastructure, PayPal users could gain direct access to Dogecoin trading and custody, potentially boosting transaction volumes and related fee revenue if Dogecoin is officially added.
Brag House completed a 1-for-8 reverse stock split on June 1, reducing its total outstanding shares and changing its CUSIP. The move dramatically thinned the free float, a dynamic that helped drive a 12% intraday share price jump while dampening some retail sentiment to a neutral zone.
