๐ฅ *JUST IN:* Bit Origin (NASDAQ: BTOG) plans to raise *up to 500M* โ400M via stock sales + 100M in convertible debt โ to buy *Dogecoin (DOGE)*! ๐
This makes BTOG the *first U.S.-listed company* to adopt Dogecoin as a *core treasury asset* ๐โ๐ฆบ๐
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๐ *Analysis:*
- This move signals growing *institutional acceptance* of meme coins like DOGE, breaking the traditional crypto hierarchy ๐ฆโก๏ธ๐โ๐ฆบ.
-DOGEโs use as treasury asset means serious confidence in its long-term value and utility.
- Convertible debt adds flexibility, showing strategic financial planning to capitalize on Dogecoinโs potential ๐.
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๐ *Prediction:*
- Expect DOGE price to gain momentum as new capital flows in and retail investors follow suit ๐.
- This could open doors for more companies to diversify treasury holdings with altcoins beyond Bitcoin and Ethereum ๐ฅ.
- Watch for short to mid-term rallies and increased media buzz aroundDOGE adoption ๐ฅ.
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๐ก *Bottom Line:*
Bit Originโs bold step marks a new chapter for Dogecoin โ from meme coin to serious treasury asset, fueling the next wave of crypto mainstreaming! ๐
#Dogecoin #BTOG #CryptoNews #Dogecoinโฌโฉ #AltcoinRevolution2025