Dogecoin $DOGE rose 3% after Bit Origin announced plans to raise $500 million to build a DOGE treasury. The crypto miner has already secured $15 million and aims to acquire $DOGE and support its ecosystem through mining and payment solutions.
CEO Jinghai Jiang said the company is moving beyond mining to engage with digital asset utility, eyeing integrations like X Money due to Dogecoin’s low fees and fast transactions.
Bit Origin's stock surged 74% on the news, though it's still down 42% year-to-date.
Price Outlook: $DOGE is testing key resistance at $0.21. A breakout could push it to $0.26. Support lies at $0.18, but a drop below $0.142 could reverse the trend.