TechFlow, July 17 — According to Globenewswire, NASDAQ-listed Bit Origin (NASDAQ: BTOG) announced an agreement with multiple qualified investors to launch a DOGE treasury reserve, raising up to $500 million, including $400 million in equity financing and $100 million in convertible bond financing.
The company plans to hold DOGE as a core long-term asset, aiming to become one of the largest publicly traded holders of DOGE globally, and achieve long-term value appreciation through "growing DOGE holdings per share."
Bit Origin stated that DOGE is playing an increasingly significant role in peer-to-peer payments and e-commerce scenarios, thanks to its extremely fast settlement speed, large community base, and growing merchant adoption. The company hopes DOGE will become a key component of Elon Musk's X platform's "X Money" payment system.
