Singapore, Singapore, July seventeenth, 2025, Chainwire
-A lot Doge. Such Utility. Very Treasury.-
-First publicly listed firm on a serious US trade to build up Dogecoin as a core asset-
Bit Origin Ltd (NASDAQ: BTOG) (“Bit Origin” or the “Firm”), at present introduced that it has entered into agreements with accredited buyers for the sale of as much as $400 million in Class A peculiar shares and as much as $100 million in convertible debt to launch the Firm’s Dogecoin (“Doge”) treasury technique.
- Bit Origin expects to develop into one of many largest publicly traded Doge holders
- Technique goals to ship long-term worth via rising Doge-per-share
- Displays the Firm’s hope in potential Doge integrations into fee layers, akin to X Cash
“Bit Origin is evolving past mining infrastructure to interact 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 group, which continues to drive adoption throughout peer-to-peer funds and on-line commerce.”
“We hope Doge’s efficiency and group make it a pure match for X Cash, as Elon Musk advances his imaginative and prescient for X as a world super-app,” continued Jiang. “In an age of damaged establishments, Doge embodies a shared tradition of optimism and resilience that transcends present political and monetary methods.”
Bit Origin’s accumulation of Doge displays the Firm’s conviction within the community’s grassroots power 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 inside the Doge ecosystem.
The Firm has accomplished an preliminary closing of $15 million beneath 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-Ok dated July 17, 2025.
About Bit Origin Ltd
Bit Origin Ltd is an rising progress firm working in america and engaged within the cryptocurrency mining enterprise. The Firm can be actively deploying blockchain applied sciences alongside diversified enlargement methods.
For extra data, customers can go to https://bitorigin.io.
Protected Harbor Assertion
This announcement comprises forward-looking statements inside the which means of the secure harbor provisions of the Personal Securities Litigation Reform Act of 1995. All statements apart from statements of historic reality on this announcement are forward-looking statements. These forward-looking statements contain identified and unknown dangers and uncertainties and are primarily based on present expectations and projections about future occasions and monetary developments that the Firm believes could have an effect on its monetary situation, outcomes of operations, enterprise technique, and monetary wants. Traders can determine these forward-looking statements by phrases or phrases akin to “could,” “will,” “count on,” “anticipate,” “intention,” “estimate,” “intend,” “plan,” “imagine,” “potential,” “proceed,” “is/are more likely to” or different comparable 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 regulation. Though the Firm believes that the expectations expressed in these forward-looking statements are affordable, it can’t guarantee you that such expectations will become appropriate, and the Firm cautions buyers that precise outcomes could differ materially from the anticipated outcomes.
Contact
Chairman of the Board, CEO, and COO
Mr. Jiang Jinghai
Bit Origin Ltd
[email protected]