$DOGE 🐶Dogecoin enters the treasury of Bit Origin with strategic backing and nods to Elon Musk
Bit Origin Ltd (BTOG), a Nasdaq-listed company, announced a treasury strategy focused on Dogecoin (DOGE), with an investment of up to $500 million between equity and convertible debt. The goal: to become one of the largest corporate holders of DOGE and position it as a key asset in its digital portfolio.
The company is betting on the possible integration of Dogecoin into X Money, the payment platform of social network X, driven by Elon Musk. Bit Origin's CEO, Jinghai Jiang, highlighted DOGE's global liquidity, transaction speed, and active community as key factors for its adoption in peer-to-peer payments and online commerce.
Although DOGE is not showing outstanding performance in the current cycle, Bit Origin is confident in its cultural resilience and utility as a digital asset.
📌 CriptoNoticias, Termómetro en Línea, The Coin Republic
