Recently, the treasury strategy for Bitcoin (BTC), Ethereum (ETH), and altcoins has begun to accelerate. Companies are announcing multi-million dollar moves one after another, with the latest announcement coming from Bit Origin.
Nasdaq-listed company Bit Origin has announced that it will raise $500 million and create a large treasury of Dogecoin (DOGE).
According to the official statement, Bit Origin announced that it plans to raise $500 million, including $400 million in equity and $100 million in convertible debt, to accumulate Dogecoin as a core asset.
The company has already raised $15 million and plans to use a significant portion of the proceeds for its first Dogecoin purchase.
The company aims to become one of the largest public Dogecoin holders by showcasing the benefits of DOGE, its low fees, and its strong community.
“Bit Origin aims to become one of the largest publicly traded Dogecoin holders.
The strategy aims to create long-term value by increasing Doge per share.”
Bit Origin CEO and President Jinghai Jiang said: “Bit Origin goes beyond mining infrastructure to directly participate in the value and utility of digital assets. What started as a joke has evolved into a globally liquid asset with ease of payment. Few digital assets can compete with the payment speed and community power of Dogecoin, which continues to drive adoption in peer-to-peer payments and online commerce. In an age of broken institutions, DOGE represents a shared culture of optimism and resilience that transcends current political and financial systems.”
*This is not investment advice.
