Dogecoin Jumps 10% After Bit Origin Pledges $500M To Treasury Strategy

Bit Origin Ltd announced that it will invest up to $500 Million into Dogecoin in a frantic push to add the memecoin as its treasury reserve asset.

This marks a significant step toward diversifying its investment interests and expanding into payment-related services.

Bit Origin Plans Major Dogecoin Treasury Strategy

Bit Origin Ltd, a U.S.-based cryptocurrency company listed on NASDAQ under the symbol BTOG, has shared plans to invest as much as $500 Million into Dogecoin.

The company stated that it has signed agreements with accredited investors to raise $400 million through the issuance of Class A ordinary shares.

As noted, it will also raise an additional $100 Million through a convertible debt offering.

It has already drawn down $15 Million from the debt facility and plans to use a large portion of that money to begin purchasing Dogecoin.

It is worth noting that the move is part of Bit Origin’s Dogecoin treasury strategy.

By holding Dogecoin and building services around it, the company aims to assume a more significant role in the digital asset space.

Bit Origin expects this shift to bring long-term value to its shareholders by increasing its Dogecoin-per-share value over time.

According to Chairman and CEO Jinghai Jiang, Dogecoin stands out for its transaction speed, low fees, and large user base.

He said the company sees it as a strong candidate for payment use. This is pivotal with the upcoming launch of Elon Musk’s X Money, a payments feature for the X platform.

It is worth mentioning that Bit Origin also plans to explore other Dogecoin-related projects.

These could include tools for miners, payment applications, and services that facilitate the broader adoption of DOGE in online transactions.

The company stated that it is moving beyond just mining and aims to participate in the broader value chain of digital assets.

According to the update, the company aims to be one of the largest holders of Dogecoin among publicly listed firms.

Chardan acted as the placement agent for the funding, while ATW Partners provided the debt facility.

Crypto Treasuries are Gaining Ground on Wall Street

Bit Origin’s announcement came as more public companies are integrating cryptocurrencies into their business strategies. The trend has grown rapidly in 2025.

According to reports, in the first half of the year, corporate treasury firms added nearly 245,000 Bitcoin.

Bitcoin Standard, which holds over 30,000 BTC, is preparing to go public through a SPAC deal backed by Cantor Fitzgerald.

BitMine has gained attention too, after Peter Thiel’s Founders Fund bought a 9.1% stake in the company and boosted its Ethereum holdings.

New crypto-related bills are moving through the U.S. House, and President Trump has voiced support for clearer digital asset rules.

These steps have added to investor confidence, with large banks including JPMorgan and Citigroup also testing their stablecoin projects.

Crypto treasuries, once rare, are becoming more common across financial and tech sectors.

DOGE Jumps as Traders React to Treasury News

Since Bit Origin announced its DOGE plans, the price of DOGE had risen 10% to $0.2327. Trading activity also picked up sharply.

Futures data from Coinglass showed a 17% rise in open interest for Dogecoin. Perpetual funding rates have also turned positive, a sign that traders expected prices to keep climbing.

Trading volume for DOGE futures reached $7.02 Billion this week, the highest for July so far.

With new interest from public companies and possible integration into platforms like X, Dogecoin has returned to the spotlight.

Bit Origin’s strategy may signal more institutional moves into the coin in the months ahead.