Odaily News Bit Origin, a Nasdaq-listed company (stock code: BTOG), announced that it has completed its first purchase of DOGE, totaling 40,543,745 DOGE, with an average purchase price of approximately $0.2466, for a total amount of about $10 million. This purchase comes less than a week after it announced the establishment of an enterprise-level DOGE treasury.
Bit Origin stated that it has secured up to $500 million in equity and debt financing to advance the DOGE treasury strategy. The company believes that the current market environment is conducive to the evolution of DOGE towards decentralized finance and notes that DOGE has good liquidity and recognition globally.
Bit Origin joins the ranks of companies like Neptune Digital Assets and Dogecoin Cash Inc. to explore DOGE investment strategies. CEO Jinghai Jiang stated that with their experience in the mining sector, the company is optimistic about DOGE’s potential in micro-payment scenarios, believing it is approaching a critical turning point, supported by increased developer activity and rising institutional interest in tokenization. (The Block)
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