US-listed Bit Origin secures $500 million in funding, plans to launch Dogecoin treasury program

On July 17, according to Globenewswire, Nasdaq-listed Bit Origin (NASDAQ: BTOG) announced an agreement with several qualified investors to launch a $DOGE treasury reserve, raising a total of up to $500 million, including $400 million in equity financing and $100 million in convertible bond financing. The company plans to hold $DOGE as a core asset for the long term, with the goal of becoming one of the world's largest publicly listed $DOGE holders, and to achieve long-term value enhancement through "per-share coin holdings growth." Bit Origin stated that $DOGE is playing an increasingly important role in peer-to-peer payments and e-commerce scenarios due to its extremely fast settlement speed, large community size, and increasing merchant acceptance. The company hopes that $DOGE can become an important part of Elon Musk's X platform "X Money" payment system. [TechFlow]