#Bitcoin Mining Firm Bit Origin Raises $500M to Build a Dogecoin Treasury

In a surprising pivot, publicly traded Bitcoin mining firm Bit Origin has announced plans to raise $500 million to purchase #Dogecoin as part of a new digital asset treasury strategy.

📦 The breakdown:

🔹 $400M via stock sale

🔹 $100M in convertible debt

🔹 Purpose: Accumulate DOGE and expand beyond 🔹 mining into active crypto treasury management

🗣️ Chairman Jinghai Jiang said:

“DOGE has evolved from a meme into a fast, globally liquid asset with real utility.”

🗝️ He also hinted that Bit Origin is betting on a future Dogecoin integration into Elon Musk’s “X Money” super-app — a long-rumored move that continues to fuel speculation.

📈 Bit Origin (BTOG) stock soared +90% today to $0.63, despite being down over 35% YTD.

Meanwhile, $DOGE is up 2% today and +25% this month, though it remains 71% below its 2021 ATH.

🧠 This marks the latest trend of public companies embracing Dogecoin — with cannabis and biotech firms also announcing DOGE-focused treasury strategies this year.