Bit Origin Acquires Over 40 Million Dogecoin (DOGE) to Advance Treasury Strategy
Bit Origin (NASDAQ: BTOG) has announced its first strategic digital asset acquisition, purchasing approximately 40.5 million Dogecoin (DOGE) as part of its treasury initiative. The purchase is supported by previously announced capital facilities of up to $500 million.
Key metrics of the acquisition include an average purchase cost of $0.2466 per DOGE and an initial DOGE-Per-Share (DPS) of approximately 0.691. CEO Jinghai Jiang emphasized the company's belief in Dogecoin's potential for micropayments and its evolution toward decentralized finance, citing increased developer activity and institutional interest in tokenization.
Bit Origin (NASDAQ: BTOG) ha annunciato la sua prima acquisizione strategica di asset digitali, acquistando circa 40,5 milioni di Dogecoin (DOGE) nell'ambito della sua iniziativa di tesoreria. L'acquisto è supportato da linee di credito precedentemente annunciate fino a 500 milioni di dollari.
I principali dati dell'acquisizione includono un costo medio di acquisto di 0,2466 dollari per DOGE e un DOGE per azione (DPS) iniziale di circa 0,691. Il CEO Jinghai Jiang ha sottolineato la fiducia dell'azienda nel potenziale di Dogecoin per i micropagamenti e nella sua evoluzione verso la finanza decentralizzata, citando un aumento dell'attività degli sviluppatori e l'interesse istituzionale per la tokenizzazione.
Bit Origin (NASDAQ: BTOG) ha anunciado su primera adquisición estratégica de activos digitales, comprando aproximadamente 40,5 millones de Dogecoin (DOGE) como parte de su iniciativa de tesorería. La compra está respaldada por facilidades de capital previamente anunciadas de hasta 500 millones de dólares.
Los datos clave de la adquisición incluyen un costo promedio de compra de 0,2466 dólares por DOGE y un DOGE por acción (DPS) inicial de aproximadamente 0,691. El CEO Jinghai Jiang destacó la confianza de la compañía en el potencial de Dogecoin para micropagos y su evolución hacia las finanzas descentralizadas, mencionando un aumento en la actividad de desarrolladores y el interés institucional en la tokenización.
Bit Origin (NASDAQ: BTOG)은 자사의 첫 번째 전략적 디지털 자산 인수로 약 4050만 개의 도지코인(DOGE)을 구매했다고 발표했습니다. 이번 매입은 최대 5억 달러 규모의 자본 시설 지원을 받았습니다.
인수의 주요 지표로는 DOGE당 평균 매입 가격이 0.2466달러이며 초기 DOGE 주당 배당(DPS)은 약 0.691입니다. CEO Jinghai Jiang은 도지코인이 마이크로결제에 적합한 잠재력을 지니고 있으며, 탈중앙화 금융으로의 진화 가능성을 믿는다고 강조하면서 개발자 활동 증가와 토큰화에 대한 기관 투자자들의 관심을 언급했습니다.
Bit Origin (NASDAQ : BTOG) a annoncé sa première acquisition stratégique d'actifs numériques, en achetant environ 40,5 millions de Dogecoin (DOGE) dans le cadre de son initiative de trésorerie. Cet achat est soutenu par des facilités de capital annoncées précédemment, pouvant atteindre 500 millions de dollars.
Les indicateurs clés de cette acquisition comprennent un coût d'achat moyen de 0,2466 $ par DOGE et un DOGE par action (DPS) initial d'environ 0,691. Le PDG Jinghai Jiang a souligné la confiance de l'entreprise dans le potentiel du Dogecoin pour les micropaiements et son évolution vers la finance décentralisée, citant une augmentation de l'activité des développeurs ainsi que l'intérêt institutionnel pour la tokenisation.
Bit Origin (NASDAQ: BTOG) hat seine erste strategische Akquisition von digitalen Vermögenswerten bekannt gegeben und rund 40,5 Millionen Dogecoin (DOGE) im Rahmen seiner Treasury-Initiative erworben. Der Kauf wird durch zuvor angekündigte Kapitalfazilitäten von bis zu 500 Millionen US-Dollar unterstützt.
Wichtige Kennzahlen der Akquisition sind ein durchschnittlicher Kaufpreis von 0,2466 US-Dollar pro DOGE und ein anfänglicher DOGE pro Aktie (DPS) von etwa 0,691. CEO Jinghai Jiang betonte den Glauben des Unternehmens an das Potenzial von Dogecoin für Mikropayments und seine Entwicklung hin zu dezentraler Finanzierung, wobei er auf eine erhöhte Entwickleraktivität und institutionelles Interesse an der Tokenisierung hinwies.
- Strategic acquisition of 40.5M Dogecoin demonstrates commitment to digital asset diversification
- Backed by substantial $500M capital facilities for treasury initiatives
- Company leverages existing crypto mining expertise for strategic asset acquisition
- Significant exposure to Dogecoin's price volatility
- Large capital allocation to a single cryptocurrency asset
- Investment in speculative asset may impact company's financial stability
Insights
Bit Origin's $10M Dogecoin purchase signals shift to crypto treasury strategy, showing strategic pivot beyond mining operations.
Bit Origin has made a strategic move by acquiring
This acquisition marks a significant strategic evolution for Bit Origin beyond its cryptocurrency mining operations. While Bitcoin typically dominates corporate treasury strategies in the crypto space, Bit Origin's choice of Dogecoin is particularly interesting. Despite its meme-coin origins, Dogecoin offers specific advantages including lower transaction fees, faster block times, and an inflationary supply model that makes it potentially more suitable for everyday transactions and micropayments.
The timing of this purchase aligns with what appears to be increasing institutional interest in alternative cryptocurrencies beyond Bitcoin. By emphasizing Dogecoin's "utility potential for micropayments" and referencing "renewed developer activity," management signals they're positioning this not merely as a speculative asset but as a strategic technological bet on Dogecoin's evolving ecosystem.
This treasury diversification represents a material change in Bit Origin's risk profile and financial strategy. While offering potential upside if Dogecoin appreciates, it also introduces significant volatility to the balance sheet. With approximately
SINGAPORE, July 21, 2025 (GLOBE NEWSWIRE) -- Bit Origin Ltd (NASDAQ: BTOG) ("Bit Origin" or the "Company"), today announced the initial purchase of approximately 40.5 million DOGE. This represents the first strategic acquisition under the Company's digital asset treasury initiative, supported by previously announced capital facilities of up to
Dogecoin Treasury KPIs as of July 21, 2025:
- Holdings: 40,543,745 DOGE
- Average Acquisition Cost: ~
$0.24 66 per DOGE - Initial DOGE-Per-Share (DPS): ~0.691
“Our new origin has begun,” said Jinghai Jiang, CEO,COO and Chairman of the Board of Bit Origin. “From our experience in mining, we understand the tradeoffs that define proof-of-work systems. We see Dogecoin’s utility potential for micropayments nearing an inflection point, driven by renewed developer activity and broader institutional interest in tokenization. While we embrace its cultural origins, which have helped drive liquidity and global familiarity, we believe current market conditions align with Dogecoin’s evolution toward decentralized finance.”
1DOGE-Per-Share calculated by dividing the Company’s current Dogecoin holdings by the total number of Class A and Class B ordinary shares outstanding as of April 18, 2025, as most recently reported.
About Bit Origin Ltd
Bit Origin Ltd is an emerging growth company operating in the United States and engaged in the cryptocurrency mining business. The Company is also actively deploying blockchain technologies alongside diversified expansion strategies. For more information, please visit https://bitorigin.io.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.
Company Contact
Bit Origin Ltd
Mr. Jiang Jinghai, Chairman of the Board, CEO and COO
Email: ir@bitorigin.io
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FAQ
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