Bit Origin Plans to Launch DOGE Treasury Reserve, Has Secured $500 Million in Equity and Debt Financing

On July 17, Nasdaq-listed mining company Bit Origin announced that it has reached an agreement with qualified investors to sell up to $400 million in Class A common stock and up to $100 million in convertible bonds. The $500 million raised will be used to launch a Dogecoin $DOGE treasury reserve. The company said that $DOGE may be included in payment scenarios in the future (such as X Money).