#DogeCoinTreasury There are two major developments in the Dogecoin treasury space:

- *Bit Origin's $500M Dogecoin Treasury*: Bit Origin Ltd, a cryptocurrency mining firm, has raised $500 million to launch a Dogecoin treasury. This initiative aims to accumulate DOGE as a core reserve asset, with $400 million raised through equity sales and $100 million via convertible debt. The company has already completed an initial $15 million closing under the debt facility. Bit Origin's CEO, Jinghai Jiang, believes Dogecoin has evolved into a globally liquid asset with payments utility, citing its low fees, fast settlement speeds, and strong community.

- *Dogecoin Foundation's $175M Official DOGE Treasury*: The Dogecoin Foundation, in partnership with CleanCore Solutions, has launched the first official Dogecoin Treasury with a $175 million backing. This treasury strategy marks a significant milestone for Dogecoin, strengthening its legitimacy beyond its meme origins. The partnership involves 21Shares, a $12 billion asset manager, to oversee the allocation, governance, and transparency of the treasury. The funds will be used to drive institutional-grade adoption and real-world utility for DOGE.

These developments have sparked interest in Dogecoin's potential growth, with some analysts predicting a price surge. Key predictions include¹ ² ³:

- *Short-term:* DOGE may consolidate after the spike, with support at $0.208 and a breakout above $0.22 potentially leading to a retest of $0.225.

- *Mid-term:* If Bit Origin continues buying, DOGE could rally toward $0.25-$0.28 with strong momentum.

- *Long-term:* More corporate adoption could trigger a supply squeeze, pushing DOGE toward $0.50 to $1. Some analysts even predict DOGE could reach $5.