Bit Origin Ltd, listed on Nasdaq (BTOG), announced on July 17 a $500 million funding plan to establish a Dogecoin (DOGE) treasury, aimed at long-term asset value.
Bit Origin's initiative to build a Dogecoin reserve fund reflects a shifting trend in the company's cryptocurrency strategy, which may influence similar moves by other companies in the cryptocurrency market.
Bit Origin's $500 Million Dogecoin Treasury: Strategy and Finance
Bit Origin has announced an ambitious plan to launch the DOGE fund with a $500 million funding. The goal revolves around holding DOGE long-term to increase asset value by raising the amount of money held per share. The initial $15 million has been raised through convertible bond financing for initial DOGE purchases.
The implications of this strategy may include a significant shift in how DOGE is perceived in institutional portfolios. This move marks the first large-scale involvement of a Nasdaq-listed company in DOGE as a fund asset, potentially signaling a diversification strategy beyond traditional assets.
"Bit Origin Ltd has secured funding of up to $500 million to launch the Dogecoin reserve fund." - Mr. Jiang Jinghai, Chairman of the Board, CEO and Executive Director, Bit Origin Ltd
Market participants have expressed interest in Bit Origin's announcement, with DOGE potentially being adopted by institutions, creating a ripple effect throughout the cryptocurrency space. So far, there have been no direct public comments from influencers or key executives, although the strategy has been formalized through the company's press releases.
Dogecoin Market Trends and Bit Origin's Role
Did you know? In 2020, MicroStrategy's bold investment decision in Bitcoin paved the way for corporate cryptocurrency investment funds, a trend Bit Origin may continue with DOGE.
As of July 17, 2025, Dogecoin has a market capitalization of $32.11 billion and is trading around $0.21, according to CoinMarketCap. Notable recent price changes include a 6.35% increase in the last 24 hours and a 37.07% increase over 90 days. Trading volume surged 96.39% to $3.72 billion, indicating rising market interest.
The research team notes that the scale and visibility of Bit Origin on the Nasdaq may be more closely monitored. However, the financial shift to DOGE could set a new standard in the company's cryptocurrency strategy. Integrating the ecosystem with DOGE-related projects may further impact technological advancements in blockchain applications.
