Bit Origin plans to raise $500 million in equity and debt financing to launch a DOGE treasury reserve.

Golden Finance reports that Nasdaq-listed mining company Bit Origin has announced it has reached an agreement with accredited investors to sell up to $400 million of Class A common stock and up to $100 million of Convertible Bonds. The $500 million raised will be used to launch a DOGE treasury reserve, making Bit Origin potentially the largest publicly listed company by DOGE holdings to date. The company stated that DOGE may be incorporated into payment scenarios in the future (such as X Money).