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Bit Origin Ltd. Completes $6 Million Private Placement to Meet Nasdaq Requirements

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Bit Origin Ltd. Completes $6 Million Private Placement to Meet Nasdaq Requirements

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The latest update is out from China Xiangtai Food Co ( (BTOG) ).

On August 11, 2025, Bit Origin Ltd., a Cayman Islands exempted company, completed a private placement of 20 million Class A ordinary shares at $0.30 per share, totaling $6 million, which was paid in 30 million Dogecoin. This financial maneuver is part of the company’s strategy to meet Nasdaq’s equity requirements and secure a grace period to regain compliance with the minimum bid price rule, potentially stabilizing its market position.

More about China Xiangtai Food Co

Average Trading Volume: 38,577,361

Technical Sentiment Signal: Sell

Current Market Cap: $25.91M

Learn more about BTOG stock on TipRanks’ Stock Analysis page.

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