Bit Origin Ltd $(BTOG)$ has announced a significant expansion with the launch of a Dogecoin treasury strategy, backed by $500 million in equity and debt facilities. The company, which is the first publicly listed entity on a major US exchange to adopt Dogecoin as a core asset, has secured agreements for $400 million in Class A ordinary shares and $100 million in convertible debt. This strategic move aims to position Bit Origin as one of the largest publicly traded Dogecoin holders, enhancing long-term value through increased Doge-per-share. The company hopes for Dogecoin's integration into payment platforms like X Money, leveraging its swift settlement capabilities and expansive community. CEO Jinghai Jiang highlighted Dogecoin's evolution from a joke to a valuable asset, emphasizing its role in peer-to-peer payments and online commerce.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bit Origin Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-068558), on July 17, 2025, and is solely responsible for the information contained therein.
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