Bit Origin secures $500M equity, debt facilities to launch Dogecoin treasury

Bit Origin (BTOG) announced that it has entered into agreements with accredited investors for the sale of up to $400 million in Class A ordinary shares and up to $100 million in convertible debt to launch the Company’s Dogecoin treasury strategy. Bit Origin expects to become one of the largest publicly traded Doge holders; Strategy aims to deliver long-term value through increasing Doge-per-share; Reflects Company’s hope in potential Doge integrations into payment layers. “Bit Origin is evolving beyond mining infrastructure to engage directly in the value and utility of digital assets,” said Jinghai Jiang, CEO and Chairman of Bit Origin. “What started as a joke has evolved into a globally liquid asset with payments utility. Few digital assets rival Doge’s settlement speed and scale of community, which continues to drive adoption across peer-to-peer payments and online commerce.”