Singapore, Singapore, July seventeenth, 2025, Chainwire
-A lot Doge. Such Utility. Very Treasury.-
-First publicly listed firm on a serious US change to build up Dogecoin as a core asset-
Bit Origin Ltd (NASDAQ: BTOG) (“Bit Origin” or the “Firm”), as we speak introduced that it has entered into agreements with accredited traders for the sale of as much as $400 million in Class A odd shares and as much as $100 million in convertible debt to launch the Firm’s Dogecoin (“Doge”) treasury technique.
- Bit Origin expects to turn into one of many largest publicly traded Doge holders
- Technique goals to ship long-term worth by means of rising Doge-per-share
- Displays the Firm’s hope in potential Doge integrations into fee layers, reminiscent of X Cash
“Bit Origin is evolving past mining infrastructure to have interaction instantly within the worth and utility of digital belongings,” mentioned Jinghai Jiang, CEO and Chairman of Bit Origin. “What began as a joke has developed right into a globally liquid asset with a funds utility. Few digital belongings rival Doge’s settlement pace and scale of neighborhood, which continues to drive adoption throughout peer-to-peer funds and on-line commerce.”
“We hope Doge’s efficiency and neighborhood make it a pure match for X Cash, as Elon Musk advances his imaginative and prescient for X as a worldwide super-app,” continued Jiang. “In an age of damaged establishments, Doge embodies a shared tradition of optimism and resilience that transcends current political and monetary methods.”
Bit Origin’s accumulation of Doge displays the Firm’s conviction within the community’s grassroots energy and fee utility, pushed by low charges and service provider acceptance. Constructing on its infrastructure roots, Bit Origin plans to discover miner-facing providers, fee purposes, and different value-generating operations throughout the Doge ecosystem.
The Firm has accomplished an preliminary closing of $15 million underneath the convertible debt facility and intends to make use of a good portion of the proceeds for its preliminary Dogecoin acquisition.
Chardan acted as the position agent in reference to the funded facility from ATW Companions.
The foregoing description doesn’t purport to be full and is certified in its entirety by reference to the complete textual content of the Firm’s present report on Kind 6-Okay dated July 17, 2025.
About Bit Origin Ltd
Bit Origin Ltd is an rising progress firm working in the USA and engaged within the cryptocurrency mining enterprise. The Firm can be actively deploying blockchain applied sciences alongside diversified growth methods.
For extra data, customers can go to https://bitorigin.io.
Protected Harbor Assertion
This announcement comprises forward-looking statements throughout the that means of the protected harbor provisions of the Personal Securities Litigation Reform Act of 1995. All statements apart from statements of historic truth on this announcement are forward-looking statements. These forward-looking statements contain recognized and unknown dangers and uncertainties and are based mostly on present expectations and projections about future occasions and monetary developments that the Firm believes might have an effect on its monetary situation, outcomes of operations, enterprise technique, and monetary wants. Buyers can determine these forward-looking statements by phrases or phrases reminiscent of “might,” “will,” “anticipate,” “anticipate,” “purpose,” “estimate,” “intend,” “plan,” “consider,” “potential,” “proceed,” “is/are more likely to” or different related expressions. The Firm undertakes no obligation to replace forward-looking statements to replicate subsequent occurring occasions or circumstances or adjustments in its expectations, besides as could also be required by legislation. Though the Firm believes that the expectations expressed in these forward-looking statements are cheap, it can’t guarantee you that such expectations will become right, and the Firm cautions traders that precise outcomes might differ materially from the anticipated outcomes.
Contact
Chairman of the Board, CEO, and COO
Mr. Jiang Jinghai
Bit Origin Ltd
ir@bitorigin.io
Bit Origin Secures $500 Million Equity and Debt Facilities to Launch Dogecoin Treasury
