#GENIUSAct 💣💣💣 Use Corporate Treasury Strategy
Bit Origin, a Singapore-based company listed on NASDAQ, allocated $500M to acquire 40.54M DOGE tokens (average $0.2466)
causing a 31% spike in price. This is the first public company to prioritize DOGE over BTC/ETH for its treasury reserves, citing settlement speed and utility for micro payments.
The GENIUS Act provides regulatory clarity for institutional cryptocurrency ownership. Market Implications
• Large investors accumulate 2.3B DOGE, indicating institutional interest
• Several companies compete to launch a spot DOGE ETF (projected inflow of $15-20B)
• RSI indicates overbought conditions despite positive momentum from MACD
• Key resistance at $0.30, with $0.40 as an immediate target
Resources and Acquisition Perspective by Bit Origin DOGE Price Analysis Comparative Performance.
$DOGE
DOGE
0.26511