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last mo.

Bit Origin Stock Surges 90% After Launching $500M Dogecoin Treasury

The Singapore-based miner raised $400 million in equity plus $100 million through convertible debt to fund its DOGE reserve as the SEC considers spot Dogecoin ETFs.

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Overview

  • Bit Origin secured $500 million through a $400 million share offering and $100 million convertible debt to purchase Dogecoin for its corporate treasury.
  • Shares of Bit Origin climbed roughly 90% after the treasury plan was unveiled, reflecting strong investor appetite for memecoin holdings.
  • CEO Jinghai Jiang highlighted Dogecoin’s rapid settlement and robust community as a natural fit for Elon Musk’s X Money vision.
  • The SEC’s ongoing consideration of spot Dogecoin ETFs has prompted other publicly traded companies to launch their own DOGE treasury strategies.
  • The initiative reflects a broader corporate shift to integrate cryptocurrencies into balance sheets, extending diversification beyond Bitcoin to include a range of digital assets.