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China Xiangtai Food Co ( (BTOG) ) has provided an update.
On July 13, 2025, Bit Origin Ltd entered into a securities purchase agreement to sell up to $100 million in senior secured convertible notes and an equity purchase facility agreement for up to $400 million in newly issued common shares. These agreements aim to support the company’s strategy to launch a Dogecoin treasury, positioning Bit Origin as one of the largest publicly traded holders of Dogecoin. The company believes in Dogecoin’s potential for integration into payment systems and plans to leverage its infrastructure for miner-facing services and payment applications within the Dogecoin ecosystem. The initial closing of $15 million under the convertible debt facility will fund the initial acquisition of Dogecoin, reflecting Bit Origin’s confidence in Dogecoin’s utility and community strength.
More about China Xiangtai Food Co
Bit Origin Ltd is an emerging growth company based in the United States, primarily engaged in the cryptocurrency mining business. The company is also focused on deploying blockchain technologies and pursuing diversified expansion strategies.
Average Trading Volume: 29,753,649
Technical Sentiment Signal: Sell
Current Market Cap: $20.01M
See more data about BTOG stock on TipRanks’ Stock Analysis page.