Bit Origin Announces $500M Dogecoin Treasury Initiative

Bit Origin Ltd, listed on Nasdaq (BTOG), disclosed on July 17 a $500 million financing plan to establish a Dogecoin (DOGE) treasury, aiming for long-term asset value.

Bit Origin’s initiative to build a Dogecoin reserve reflects shifting trends in corporate cryptocurrency strategies, potentially influencing similar moves by other firms in the cryptocurrency market.

Bit Origin’s $500 Million Dogecoin Treasury: Strategy and Finance

Bit Origin announced an ambitious plan to initiate a DOGE treasury with US$500 million financing. The objective revolves around long-term DOGE holdings to boost asset value by increasing the currency held per share. The first US$15 million was raised through convertible bond financing for initial DOGE purchases.

Implications of the strategy could include a notable shift in how DOGE is perceived in institutional portfolios. This move marks the first large-scale engagement with DOGE as a treasury asset by a Nasdaq-listed firm, potentially signalling strategic diversification beyond traditional assets.

“Bit Origin Ltd has secured up to $500 million in financing to launch a Dogecoin treasury reserve.” – Mr. Jiang Jinghai, Chairman of the Board, CEO and COO, Bit Origin Ltd

Market participants have expressed interest in Bit Origin’s announcement, with the potential institutional adoption of DOGE causing ripples across the cryptocurrency sector. As of now, there have been no direct public comments from key influencers or executives, although the strategy has been formalized through company press releases.

Dogecoin Market Trends and Bit Origin’s Role

Did you know? In 2020, MicroStrategy’s decision to invest heavily in Bitcoin paved the way for corporate crypto treasuries, a trend Bit Origin might continue with DOGE.

On July 17, 2025, Dogecoin had a market cap of $32.11 billion and traded around $0.21, per CoinMarketCap. Notable recent price changes include a 6.35% increase in the past 24 hours and a 37.07% rise over 90 days. Trading volume surged 96.39% to $3.72 billion, indicating heightened market interest.

The Coincu research team notes potential regulatory scrutiny due to Bit Origin’s size and visibility on Nasdaq. However, the financial shift towards DOGE could present a fresh standard in corporate crypto strategies. Ecological integration with DOGE-related projects might further influence technological advancements in blockchain applications.