#Doge

trade doge now . . . strong bullish trend ❤❤❤❤❤$DOGE

𝘽𝙞𝙩𝙊𝙧𝙞𝙜𝙞𝙣 𝘽𝙚𝙜𝙞𝙣𝙨 $500𝙈 𝘿𝙤𝙜𝙚𝙘𝙤𝙞𝙣 𝙏𝙧𝙚𝙖𝙨𝙪𝙧𝙮 𝙒𝙞𝙩𝙝 40.5𝙈 𝘽𝙪𝙮, 𝘼𝙣𝙖𝙡𝙮𝙨𝙩𝙨 𝙋𝙧𝙚𝙙𝙞𝙘𝙩 𝙁𝙧𝙚𝙨𝙝 𝘽𝙪𝙡𝙡 𝘾𝙮𝙘𝙡𝙚

BitOrigin has announced the purchase of approximately 40.5 million DOGE, marking the first phase of its $500 million Dogecoin treasury plan.

In a press release, Nasdaq-listed BitOrigin revealed the purchase of 40.5 million DOGE worth approximately $10 million. This suggests the start of its 500M DOGE treasury plan, as the company taps into the digital assets ecosystem.

Based on the company’s current share structure, the newly disclosed DOGE holdings have an initial DOGE-per-share ratio of approximately 0.691. This has an average purchase price of roughly $0.2466 per token. Jinghai Jiang, the CEO and chairman of

BitOrigin, claims that this is a strategic move based on the company’s mining expertise and understanding of proof-of-work dynamics, rather than merely a speculative one.

The move by BitOrigin to enter DOGE-backed treasury positions is consistent with a growing trend in which American companies. For context, MicroStrategy (now Strategy) and Metaplanet are also holding a growing amount of cryptocurrency assets on their balance sheets. BitOrigin’s treasury model could make it the first publicly traded Dogecoin treasury company on Nasdaq.

Trader Alan, known online as Trader Tardigrade, highlighted that even if DOGE pulls back to retest support near $0.25, this could set the stage for a healthy rally targeting $0.31 or even $0.42.