$DOGE

Dogecoin gambit: Bit Origin aims to be the MicroStrategy of memes.

The race for altcoin treasuries takes a new turn. On July 17, 2025, it was reported that Nasdaq-traded company Bit Origin vows to spend $500 million to arrange a Dogecoin treasury. What makes Bit Origin confident in its move?

Bit Origin’s Dogecoin long bet

Bit Origin announced it had agreed with investors to sell $400 million worth of ordinary shares and $100 million worth of convertible debt. The company plans to become the largest DOGE treasury. Its share price will appreciate long-term by increasing the DOGE per share ratio. Bit Origin has already raised $15 million, with most of this money intended for purchasing DOGE.

One of the reasons Bit Origin sees potential in the memecoin is that DOGE is a favorite of Elon Musk’s, and fans speculate that the Tesla CEO will add it as a payment method in an upcoming X Money payment tool.

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