Bit Origin Ltd announced that it will invest up to $500 million in Dogecoin in a bold effort to add the memecoin to its treasury reserve asset list. This marks a significant step toward diversifying investments and expanding into payment-related services.

Bit Origin Plans Strategic Large Dogecoin Issuance

Bit Origin Ltd, a U.S.-based cryptocurrency company listed on NASDAQ with the ticker BTOG, has shared plans to invest up to $500 million in Dogecoin.

The company announced that it has signed an agreement with accredited investors to raise $400 million through the issuance of Class A common stock.

As noted, the company will also raise an additional $100 million through a convertible bond offering.

The company has withdrawn $15 million from this debt and plans to use most of the funds to start purchasing Dogecoin.

Notably, this move is part of Bit Origin's strategy to manage Dogecoin treasury.

By holding Dogecoin and building services around it, the company aims to play a more significant role in the digital asset space.

Bit Origin expects this change to provide long-term value to shareholders by increasing the value of Dogecoin per share over time.

According to Chairman and CEO Jinghai Jiang, Dogecoin stands out due to its transaction speed, low fees, and large user base.

He stated that the company sees this as a strong candidate for payment purposes. This is crucial in the context of the upcoming launch of Elon Musk's X Money, a payment feature for the X platform.

It is noteworthy that Bit Origin also plans to explore other projects related to Dogecoin.

These may include tools for miners, payment applications, and services to help DOGE gain wider adoption in online transactions.

The company claims that they are expanding their operations beyond just mining and are looking to participate in the broader value chain of digital assets.

According to the update, the company aims to become one of the publicly listed companies holding the most Dogecoin.

Chardan acts as the capital placement agent, while ATW Partners provides the debt base.

The Cryptocurrency Treasury is Gaining Ground on Wall Street

Bit Origin's announcement comes amid a growing number of public companies integrating cryptocurrency into their business strategies. This trend has rapidly developed into 2025.

According to reports, in the first half of the year, corporate treasury companies added nearly 245,000 Bitcoin.

Bitcoin Standard, holding over 30,000 BTC, is preparing to list through a SPAC deal backed by Cantor Fitzgerald.

BitMine has also attracted attention after Peter Thiel's Founders Fund purchased a 9.1% stake in the company and increased its Ethereum holdings.

New bills related to cryptocurrency are being passed in the U.S. House of Representatives, and President Trump has voiced support for clearer regulations on digital assets.

These steps have reinforced investors' confidence, as major banks like JPMorgan and Citigroup are also testing their stablecoin projects.

The cryptocurrency treasury, once rare, is becoming more common in finance and technology sectors.

DOGE Soars as Traders React to Treasury News

Since Bit Origin announced its plan to issue DOGE, the price of DOGE has risen by 10% to $0.2327. Trading activity has also surged.

Futures data from Coinglass shows that Dogecoin's open interest has increased by 17%. The perpetual funding rate has also turned positive, a sign that traders expect prices to continue rising.

The trading volume of DOGE futures reached $7.02 billion this week, the highest in July so far.

With renewed interest from public companies and the potential for integration into platforms like X, Dogecoin has returned to the spotlight.

Bit Origin's strategy may signal more institutional moves into this cryptocurrency in the coming months.