Nasdaq-listed mining company Bit Origin announced that it has reached an agreement with qualified investors to sell up to $400 million of Class A common stock and up to $100 million of convertible bonds. The $500 million raised will be used to launch a Dogecoin DOGE treasury reserve. Bit Origin is expected to become the largest publicly traded company by DOGE holdings to date, and the company stated that DOGE may potentially be included in payment scenarios (such as X Money).