Bit Origin Ltd, a U.S.-based cryptocurrency company listed on NASDAQ, announced its intention to invest up to $500 million in Dogecoin, which encompasses its strategy to expand its assets and services in the digital currency field.
Bit Origin's Investment in Dogecoin
Bit Origin Ltd plans to invest up to $500 million in Dogecoin, signing agreements with accredited investors to raise $400 million through the issuance of Class A ordinary shares. An additional $100 million will be raised through a convertible debt offering. The company has already drawn $15 million from the debt facility and plans to use a large portion of that money to begin purchasing Dogecoin. Chairman and CEO Jinghai Jiang believes Dogecoin is attractive because of its transaction speed, low fees, and large user base.
Trends in Crypto Treasuries on Wall Street
Bit Origin's announcement coincides with a growing trend among public companies integrating cryptocurrencies into their business models in 2025. In the first half of the year, corporate treasuries added nearly 245,000 Bitcoin. Companies like Bitcoin Standard and BitMine have also attracted investor attention, supported by new crypto-related bills moving through the U.S. House.
Market Reaction to Dogecoin News
Following Bit Origin's announcement, Dogecoin's price rose by 10% to $0.2327, with trading activity significantly increasing. Futures trading volume for Dogecoin reached $7.02 billion, the highest for July.
Bit Origin's investment strategy in Dogecoin highlights a trend of institutional investment in cryptocurrencies that is likely to continue in the coming months, strengthening interest in Dogecoin in financial markets.
