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Bit Origin Ltd. (NASDAQ: BTOG), a publicly traded company headquartered in Singapore, has unveiled a bold strategic shift with the launch of a Dogecoin (DOGE) treasury initiative, backed by a substantial $500 million in newly secured equity and debt financing.
Notably, this decision marks Bit Origin as the pioneering company on a major U.S. stock exchange to officially hold Dogecoin as a foundational asset in its treasury strategy. The funding includes up to $400 million from the sale of Class A ordinary shares and an additional $100 million in convertible debt, signaling robust confidence in Bit Origin’s direction. An initial tranche of $15 million from the debt facility has already been closed and allocated toward early DOGE acquisitions.
While commenting on the project, Jinghai Jiang, CEO and Chairman of Bit Origin, stated:
“Bit Origin is evolving beyond mining infrastructure to engage directly in the value and utility of digital assets. What started as a joke has evolved into a globally liquid asset with a payments utility. Few digital assets rival Doge’s settlement speed and scale of community, which continues to drive adoption across peer-to-peer payments and online commerce.”
 
Jiang further emphasized Dogecoin’s potential to integrate seamlessly with emerging payment platforms, such as X Money, which forms part of Elon Musk’s broader vision for a comprehensive financial super-app. He explained that in an era where confidence in traditional institutions continues to erode, Dogecoin stands out as a symbol of collective optimism and decentralized strength—qualities that resonate deeply with a new generation of digitally native users.
Bit Origin’s entry into Dogecoin holdings is not merely symbolic—it’s part of a wider ambition to enhance shareholder value by increasing the Doge-per-share ratio over time. The company plans to build services around Dogecoin, including payment infrastructure, miner-focused offerings, and application-layer tools designed to strengthen and monetize the Dogecoin ecosystem.
Chardan served as the placement agent for the funding round, which included participation from strategic investor ATW Partners.
The shift from a pure mining business to a diversified blockchain strategy marks a significant milestone in Bit Origin’s evolution, reflecting broader trends in the digital asset space where utility and network effect are becoming key drivers of long-term value.
About Bit Origin Ltd.
Building on its roots as a publicly traded, U.S.-based crypto miner, Bit Origin continues to scale its blockchain operations with strategic facility expansion and technical upgrades. As of June 2023, the company managed a robust hashrate of 403 PH/s across 4,250 miners at its Indiana data center, while a major Wyoming site with up to 75 MW capacity is currently under phased development. Leveraging this infrastructure, Bit Origin is actively deploying blockchain technology across a diverse range of applications—not only securing digital assets through mining but also expanding its scope to develop payment solutions and miner-oriented services.
For more information, please visit: https://bitorigin.io.
Source: https://zycrypto.com/bit-origin-secures-500m-to-launch-groundbreaking-dogecoin-treasury-initiative/