Is Dogecoin about to launch?!

NASDAQ-listed company Bit Origin initiates DOGE treasury reserve, raising $500 million in equity and debt financing.

NASDAQ-listed company Bit Origin (NASDAQ: BTOG) announced that it has reached agreements with multiple qualified investors to initiate a DOGE treasury reserve, with total financing 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 holders of DOGE globally, and to achieve long-term value enhancement through the “growth of per-share holdings.”

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 that DOGE can become an important part of Elon Musk's X platform's “X Money” payment system.

This strategy marks Bit Origin's transformation from a traditional mining infrastructure business to a digital asset operation company focused on participation in public chain value. The company also plans to explore new business models around DOGE, including payment applications, miner services, and ecosystem development.

Currently, the company has completed its first $15 million convertible bond financing, which will be used for the initial DOGE purchases. ATW Partners provides funding support, and Chardan acts as the exclusive agent for this round of financing. $DOGE