💣💣💣 Use Corporate Treasury strategy
Bit Origin, a Singapore-based company listed on NASDAQ, allocated $500M to acquire 40.54M DOGE tokens (average of $0.2466)
causing a 31% surge in price. It is the first public company to prioritize DOGE over BTC/ETH for its treasury reserves, citing the speed of settlement and utility for micropayments.
The GENIUS Act provides regulatory clarity for institutional holdings of cryptocurrencies. Market Implications
• Large investors accumulated 2.3B DOGE, indicating institutional interest
• Several companies are competing to launch spot DOGE ETFs (projected flows of $15-20B)
• The RSI shows overbought conditions despite the positive momentum of the MACD
• Key resistance at $0.30, with $0.40 as the immediate target
Resources and Outlook Acquisition by Bit Origin Price Analysis of DOGE Comparative Performance.