Bit Origin Launches $500M Dogecoin Treasury Strategy with Initial $15M Raised

Bit Origin begins a $500M funding plan to acquire DOGE, securing $15M initially to kick off its Dogecoin treasury strategy.

CEO Jinghai Jiang says Dogecoin's fast settlement, low fees, and strong community make it ideal for global payment integration.

Bit Origin plans to expand beyond mining by developing services and applications centered around Dogecoin’s payments ecosystem.

Bit Origin, a Nasdaq-listed company, has launched a Dogecoin-focused treasury strategy aimed at raising $500 million through equity and convertible debt. The company confirmed that $15 million has already been secured, with part of the funds used to initiate Dogecoin acquisitions.

$500 Million Strategy to Accumulate Dogecoin

Bit Origin Ltd (NASDAQ: BTOG) has announced agreements with accredited investors for the sale of up to $400 million in Class A ordinary shares and up to $100 million in convertible debt. The goal is to accumulate Dogecoin as a long-term treasury asset. This move positions the company to become one of the largest public holders of DOGE.

An initial $15 million financing tranche has been completed under the convertible debt facility. A significant portion of this funding is directed toward purchasing Dogecoin. The company named Chardan as the placement agent for the facility provided by ATW Partners. According to official documents, the company is aligning this strategy with its broader goal of increasing Doge per share to deliver shareholder value.

Executive View on Dogecoin's Role and Utility

Jinghai Jiang, CEO and Chairman of Bit Origin, remarked, “What started as a joke has evolved into a globally liquid asset with payments utility.” He added that few digital assets can match Dogecoin’s settlement speed and scale of community, which he noted continues to fuel adoption in peer-to-peer payments and online commerce.

In further comments, Jiang said, “We hope Doge’s performance and community make it a natural fit for X Money, as Elon Musk advances his vision for X as a global super-app.” He described Dogecoin as a reflection of optimism and resilience in an environment of declining institutional trust, highlighting the company’s view of Dogecoin as a cultural and financial asset.

Evolving Strategy Beyond Mining Infrastructure

Bit Origin’s Dogecoin accumulation marks a shift in corporate strategy. The company is transitioning from pure mining infrastructure into direct digital asset utility and value development. According to its official statements, Dogecoin’s low fees and growing merchant acceptance are central to this move.

The company also plans to pursue DOGE-related business avenues, including miner-facing services and payment applications within the Dogecoin ecosystem. Bit Origin emphasized that its Dogecoin-focused model is designed to engage with grassroots networks and explore new operations tied to DOGE adoption.

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