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

Nasdaq-listed Bit Origin (NASDAQ: BTOG) has announced the launch of a Dogecoin treasury strategy, planning to raise up to $500 million in total through a $400 million equity financing and a $100 million convertible bond. The funds will be used for the long-term accumulation of $DOGE assets, making it one of the first publicly traded companies to adopt Dogecoin as a core asset. Bit Origin has completed the first tranche of $15.000 million in financing, and some of the funds will be used for the first round of $DOGE purchases. [Wu Blockchain]