The Nasdaq-Listed Company Places a Big Bet on $DOGE with a Major Fundraising

Bit Origin Ltd has announced plans to implement a $500 million investment fund strategy focused on Dogecoin. The company stated that it has reached agreements with reputable investors to fund this initiative. CEO Emphasizes the Growing Utility of Dogecoin and the Power of the Community The diversified digital asset company listed on Nasdaq, Bit Origin, has announced plans to implement a Dogecoin fund strategy worth $500 million on July 17. The company has signed agreements with accredited investors to sell up to $400 million of Class A common stock and up to $100 million of convertible bonds to fund this initiative. According to the press release, Bit Origin aims to become one of the largest holders of DOGE on the public exchange, a move intended to bring long-term value through increasing the price of Doge per share. This strategy emphasizes the company's strong belief in the widespread integration potential of Dogecoin into payment layers, including platforms like X Money. "Bit Origin is evolving beyond the confines of mining infrastructure to directly engage in the value and utility of digital assets," stated Jinghai Jiang, CEO and Chairman of Bit Origin. "What started as a joke has now become a global liquid asset with superior payment utility. Few digital assets can match Doge in terms of payment speed and community scale, factors that continue to drive widespread adoption in peer-to-peer payments and e-commerce." Jiang further explained the company's vision: "We hope that the performance and community of Doge will help it become a suitable choice for X Money, as Elon Musk is promoting his vision of X as a global super app. In an era where institutions are being disrupted, Doge embodies a shared culture of optimism and resilience that transcends current political and financial systems." The accumulation of DOGE by Bit Origin reflects their belief in the community's strength and the payment utility of the network, reinforced by low fees and the increasing acceptance by providers. Based on its foundational infrastructure, the company plans to explore new avenues in the DOGE ecosystem, including services for miners, payment applications, and other value-generating activities. The company has completed an initial contribution of 15 million dollars in the form of convertible debt and intends to use a significant portion of this amount for the initial purchase of Dogecoin. Chardan is the placement agent for the loan financed by ATW Partners. $DOGE {spot}(DOGEUSDT)