Dogecoin Surges 4.25% as Bit Origin Ltd Plans $500M Acquisition for Treasury Asset

Dogecoin (DOGEUSDT) experienced a notable price increase over the past 24 hours, with the current price at 0.23993 USDT, reflecting a 4.25% gain from the 24-hour open of 0.23014. The primary driver behind this upward movement appears to be Bit Origin Ltd's announcement of plans to raise up to $500 million to acquire Dogecoin as a core treasury asset, marking the first time a U.S.-listed company has formally adopted DOGE for this purpose. This development, combined with broader positive sentiment in the cryptocurrency market—including rising total market capitalization and discussions of regulatory innovation—has contributed to increased trading activity and bullish momentum for DOGE.

Currently, Dogecoin maintains a strong position in the market, with a 24-hour trading volume reported as high as $23.4 billion USD and a market capitalization of approximately $36.43 billion USD, ranking it among the top 10 cryptocurrencies. The asset continues to attract significant attention from both retail and institutional investors, supported by robust trading volumes and active community engagement.