Deep Tide TechFlow news, on July 17, according to Globenewswire, NASDAQ-listed company Bit Origin (NASDAQ: BTOG) announced an agreement with multiple qualified investors to launch a DOGE treasury reserve, with a total financing amount of up to $500 million, including $400 million in equity financing and $100 million in convertible bond financing.
The company plans to hold DOGE as a core asset for the long term, aiming to become one of the largest publicly listed DOGE holders in the world and achieve long-term value enhancement through 'growth in the number of DOGE held per share.'
Bit Origin stated that DOGE, with its extremely fast settlement speed, large community size, and increasing merchant acceptance, is playing an increasingly significant role in peer-to-peer payments and e-commerce scenarios. The company hopes DOGE will become an important part of Elon Musk's X platform 'X Money' payment system.
