Bit Origin Ltd, listed on Nasdaq, has revealed its plans to establish a $500 million Dogecoin treasury, aiming to enhance the value of its asset in the long term.
Announcement of Dogecoin Treasury
On July 17, Bit Origin announced plans for a $500 million Dogecoin treasury financing. The objective is to increase the volume of DOGE held per share and enhance asset value. The first $15 million was secured through convertible bond financing for initial DOGE purchases.
Impact of the Strategy on the Cryptocurrency Market
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Dogecoin Trends and the Company's Future
According to CoinMarketCap, on July 17, 2025, Dogecoin had a market cap of $32.11 billion, trading around $0.21. Recent price changes include a 6.35% increase in the past 24 hours and a 37.07% rise over 90 days.
Bit Origin's initiative to create a DOGE treasury could signal a shift in how firms approach cryptocurrency strategies and further develop the DOGE ecosystem.