Bit Origin is set to launch the DOGE Treasury Reserve, having secured $500 million in equity and debt financing.

Nasdaq-listed mining company Bit Origin announced that it has reached an agreement with qualified investors to sell up to $4 billion of Class A common stock and up to $1 billion of convertible bonds. The $5 billion raised will be used to launch the Dogecoin ($DOGE) Treasury Reserve. The company stated that $DOGE may be included in future payment scenarios (such as X Money).