Dogecoin rises 10% After Bit Origin Commits $500 Million Investment into Treasury Strategy

Bit Origin Ltd announced that it will invest up to 500 million dollars in Dogecoin in a frantic effort to bring the memecoin into its treasury reserve asset list. This is an important step towards diversifying investments and expanding into payment-related services. Bit Origin Plans Strategic Launch of Dogecoin Bit Origin Ltd, a cryptocurrency company based in the United States listed on NASDAQ under the ticker BTOG, has shared plans to invest up to 500 million dollars in Dogecoin. The company announced that it has signed an agreement with accredited investors to raise 400 million dollars through the issuance of Class A common stock. As noted, the company will also raise an additional 100 million dollars through a convertible bond offering. The company has withdrawn 15 million dollars from this debt and plans to use most of that money to start buying Dogecoin. It is noteworthy that this move is part of Bit Origin's treasury management strategy for Dogecoin. By holding Dogecoin and building services around it, the company aims to take on a more significant role in the digital asset space. Bit Origin expects this change to bring long-term value to shareholders by increasing the value of Dogecoin per share over time. According to Chairman and CEO Jinghai Jiang, Dogecoin stands out due to its transaction speed, low fees, and large user base. He stated that the company sees this as a promising candidate for payment purposes. This plays a key role in the context of the upcoming launch of Elon Musk's X Money, a payment feature for the X platform. It is worth mentioning that Bit Origin also plans to explore other projects related to Dogecoin. They may include tools for miners, payment applications, and services that help DOGE become more widely adopted in online transactions. The company announced that it is expanding its operations not only to mining but also aiming to participate in the broader value chain of digital assets. According to the update, the company aims to become one of the publicly listed companies holding the most Dogecoin. Chardan acts as a capital allocation agent, while ATW Partners provides the debt base. Cryptocurrency Vault is Gaining Ground on Wall Street Bit Origin's announcement comes amid a growing number of public companies integrating cryptocurrency into their business strategies. This trend has rapidly developed by 2025. According to the report, in the first half of the year, corporate treasury companies added nearly 245,000 Bitcoin. Bitcoin Standard, holding over 30,000 BTC, is preparing to go public through a SPAC deal backed by Cantor Fitzgerald. BitMine also attracted attention after Peter Thiel's Founders Fund purchased 9.1% of the company's shares and increased its holdings in Ethereum. New bills related to cryptocurrencies are being passed in the U.S. House of Representatives, and President Trump has expressed support for clearer regulations on digital assets. These steps have strengthened investor confidence, as major banks like JPMorgan and Citigroup are also testing their stablecoin projects. Cryptocurrency treasury, which was once rare, is becoming more popular in the fields of finance and technology. DOGE Soars As Traders React to News from the Treasury Department Since Bit Origin announced the plan to launch DOGE, the price of DOGE has increased by 10% to $0.2327. Trading activity has also surged. Futures data from Coinglass shows that the open interest ( of Dogecoin has increased by 17%. The perpetual funding rate has also turned positive, a sign that traders expect prices to continue rising. The trading volume of DOGE futures contracts reached 7.02 billion dollars this week, the highest level in July so far. With new interest from public companies and the ability to integrate into platforms like X, Dogecoin has returned to the spotlight. The strategy of Bit Origin may signal more organized moves regarding this coin in the coming months.