Bit Origin to raise $500M via stock and debt
$DOGE to become core treasury asset
First U.S.-listed company with major Dogecoin holdings
In a surprising move that could shift corporate crypto strategy, Bit Origin Ltd. (NASDAQ: BTOG) has announced plans to raise up to $500 million to acquire Dogecoin. The company aims to raise $400 million through stock sales and another $100 million via convertible debt. If completed, this would mark the first time a U.S.-listed company formally adopts Dogecoin as a core treasury asset.
A Bold Bet on the Meme Coin
Dogecoin, originally launched as a joke in 2013, has grown into a widely recognized digital asset—thanks in part to its vibrant online community and endorsements from public figures like Elon Musk. Bit Origin’s move signals a new chapter for $DOGE, as it transitions from meme status to institutional treasury.
According to Bit Origin, the company views Dogecoin not only as a hedge against inflation but also as a long-term strategic asset. By placing such a massive bet on the coin, Bit Origin positions itself as a crypto-forward public company, much like MicroStrategy did with Bitcoin.
JUST IN: Bit Origin (NASDAQ: BTOG) to raise up to $500M ($400M in stock sales + $100M in convertible debt) to buy Dogecoin, making it the first U.S.-listed company to adopt $DOGE as a core treasury asset. pic.twitter.com/CAsd6kcJ1w
— Cointelegraph (@Cointelegraph) July 17, 2025
What This Means for Corporate Crypto Strategy
This fundraising plan could pave the way for other companies to explore alternative cryptocurrencies beyond Bitcoin and Ethereum. While many firms have focused on more established digital assets, Bit Origin’s move with Dogecoin may inspire others to rethink their treasury diversification.
The decision also reflects growing mainstream interest in DOGE as more than a speculative asset. If Bit Origin succeeds, it may shift perceptions of Dogecoin’s utility and encourage broader institutional adoption.
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