A Dogecoin Treasury Company? Bit Origin Plans To Raise $500 Million To Do Just That

Bit Origin Ltd (NASDAQ:BTOG) on Thursday announced plans to establish a dedicated Dogecoin (CRYPTO: DOGE) treasury, backed by up to $500 million in equity and debt facilities.

The Singapore-based company, publicly listed on a major U.S. exchange, becomes the first of its kind to designate Dogecoin as a core strategic asset.

According to a company press release, Bit Origin has secured $400 million in equity capital and an additional $100 million in convertible debt from accredited investors.

The firm has already closed $15 million in convertible debt, with a significant portion earmarked for Dogecoin acquisition.

The move marks a …

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