Bit Origin invested approximately 10 million USD to acquire 40.54 million DOGE, establishing a corporate DOGE treasury.

robot
Abstract generation in progress

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)

DOGE-5.9%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Share
Comment
0/400
IdealCowvip
· 13h ago
快enter a position🚗快enter a position🚗快enter a position🚗快enter a position🚗快enter a position🚗快enter a position🚗
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)