In a surprising shift toward meme-fueled digital assets, Nasdaq-listed Bit Origin has officially joined the ranks of corporate Dogecoin holders.
The company has acquired more than 40 million DOGE, spending roughly $10 million to kick off its new crypto treasury strategy focused entirely on the world’s most iconic meme coin.
Bit Origin, a small-cap firm with a valuation under $50 million, announced the buy just days after unveiling plans to raise up to $500 million through equity and debt to back its Dogecoin-centric vision.
CEO Jinghai Jiang said the initiative draws from the company’s experience in proof-of-work systems and aims to position Dogecoin as a serious contender for decentralized finance and real-world micropayments.
The firm also hinted at alignment with Elon Musk’s “everything app” concept, suggesting Dogecoin could play a key role in mainstream crypto adoption.
While the cultural appeal of DOGE remains strong, Bit Origin believes the time has come to steer it toward a more utility-driven future.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
Source: https://coindoo.com/nasdaq-listed-firm-kicks-off-dogecoin-treasury-with-major-buy/