Bit Origin Secures $500 Million Equity and Debt Facilities to Launch Dogecoin Treasury
Bit Origin Ltd (NASDAQ: BTOG) has secured significant funding facilities totaling $500 million to launch its Dogecoin treasury strategy. The facilities include up to $400 million in Class A ordinary shares and $100 million in convertible debt, with an initial closing of $15 million already completed through ATW Partners.
As the first publicly listed company on a major US exchange to accumulate Dogecoin as a core asset, Bit Origin aims to become one of the largest publicly traded Dogecoin holders. The company's strategy focuses on delivering long-term value through increasing Doge-per-share and leveraging Dogecoin's potential integration into payment systems, particularly X Money.
The company plans to explore miner-facing services, payment applications, and other value-generating operations within the Dogecoin ecosystem, building on its existing cryptocurrency mining infrastructure.
Bit Origin Ltd (NASDAQ: BTOG) ha ottenuto finanziamenti significativi per un totale di 500 milioni di dollari per avviare la sua strategia di tesoreria basata su Dogecoin. I finanziamenti comprendono fino a 400 milioni di dollari in azioni ordinarie di Classe A e 100 milioni di dollari in debito convertibile, con una chiusura iniziale di 15 milioni già completata tramite ATW Partners.
Essendo la prima società quotata pubblicamente su una grande borsa statunitense a detenere Dogecoin come asset principale, Bit Origin punta a diventare uno dei maggiori detentori pubblici di Dogecoin. La strategia dell'azienda si concentra sul creare valore a lungo termine aumentando il Doge-per-azione e sfruttando il potenziale di integrazione di Dogecoin nei sistemi di pagamento, in particolare X Money.
L'azienda intende esplorare servizi rivolti ai miner, applicazioni di pagamento e altre attività generatrici di valore all'interno dell'ecosistema Dogecoin, ampliando la sua infrastruttura esistente per il mining di criptovalute.
Bit Origin Ltd (NASDAQ: BTOG) ha asegurado facilidades de financiamiento significativas por un total de 500 millones de dólares para lanzar su estrategia de tesorería con Dogecoin. Las facilidades incluyen hasta 400 millones de dólares en acciones ordinarias Clase A y 100 millones de dólares en deuda convertible, con un cierre inicial de 15 millones ya completado a través de ATW Partners.
Como la primera empresa que cotiza públicamente en una bolsa importante de EE.UU. en acumular Dogecoin como activo principal, Bit Origin aspira a convertirse en uno de los mayores poseedores públicos de Dogecoin. La estrategia de la compañía se centra en ofrecer valor a largo plazo aumentando el Doge por acción y aprovechando el potencial de integración de Dogecoin en sistemas de pago, especialmente X Money.
La empresa planea explorar servicios dirigidos a mineros, aplicaciones de pago y otras operaciones generadoras de valor dentro del ecosistema Dogecoin, basándose en su infraestructura existente de minería de criptomonedas.
Bit Origin Ltd (NASDAQ: BTOG)는 도지코인 재무 전략을 시작하기 위해 총 5억 달러 규모의 자금 조달 시설을 확보했습니다. 이 시설에는 최대 4억 달러의 클래스 A 보통주와 1억 달러의 전환사채가 포함되며, ATW 파트너스를 통해 이미 1,500만 달러의 초기 클로징이 완료되었습니다.
미국 주요 증시에 상장된 최초의 도지코인 핵심 자산 보유 회사로서 Bit Origin은 가장 큰 공개 도지코인 보유자 중 하나가 되는 것을 목표로 합니다. 회사의 전략은 도지코인 주당 가치를 높이고, 특히 X Money와 같은 결제 시스템에 도지코인을 통합하는 잠재력을 활용하여 장기적인 가치를 창출하는 데 중점을 둡니다.
회사는 기존 암호화폐 채굴 인프라를 기반으로 도지코인 생태계 내에서 채굴자 대상 서비스, 결제 애플리케이션 및 기타 가치 창출 운영을 탐색할 계획입니다.
Bit Origin Ltd (NASDAQ : BTOG) a obtenu des facilités de financement importantes totalisant 500 millions de dollars pour lancer sa stratégie de trésorerie Dogecoin. Ces facilités comprennent jusqu'à 400 millions de dollars en actions ordinaires de classe A et 100 millions de dollars en dette convertible, avec une clôture initiale de 15 millions déjà réalisée via ATW Partners.
En tant que première société cotée en bourse sur une grande place américaine à accumuler Dogecoin comme actif principal, Bit Origin vise à devenir l'un des plus grands détenteurs publics de Dogecoin. La stratégie de l'entreprise se concentre sur la création de valeur à long terme en augmentant le Doge par action et en tirant parti du potentiel d'intégration de Dogecoin dans les systèmes de paiement, notamment X Money.
L'entreprise prévoit d'explorer des services destinés aux mineurs, des applications de paiement et d'autres opérations génératrices de valeur au sein de l'écosystème Dogecoin, en s'appuyant sur son infrastructure existante de minage de cryptomonnaies.
Bit Origin Ltd (NASDAQ: BTOG) hat bedeutende Finanzierungsmöglichkeiten in Höhe von insgesamt 500 Millionen US-Dollar gesichert, um seine Dogecoin-Treasury-Strategie zu starten. Die Finanzierung umfasst bis zu 400 Millionen US-Dollar in Stammaktien der Klasse A und 100 Millionen US-Dollar in wandelbaren Schulden, wobei ein erster Abschluss über 15 Millionen US-Dollar bereits über ATW Partners erfolgt ist.
Als erstes börsennotiertes Unternehmen an einer großen US-Börse, das Dogecoin als Kernanlage anhäuft, strebt Bit Origin an, einer der größten öffentlich gehandelten Dogecoin-Inhaber zu werden. Die Strategie des Unternehmens konzentriert sich darauf, langfristigen Wert zu schaffen, indem der Doge-pro-Aktie-Wert erhöht und das Potenzial der Integration von Dogecoin in Zahlungssysteme, insbesondere X Money, genutzt wird.
Das Unternehmen plant, minerorientierte Dienstleistungen, Zahlungsanwendungen und weitere wertschöpfende Aktivitäten im Dogecoin-Ökosystem zu erkunden und baut dabei auf seine bestehende Infrastruktur für Kryptowährungs-Mining auf.
- Secured substantial $500 million in combined equity and debt facilities
- First-mover advantage as the first major US-listed company accumulating Dogecoin as core asset
- Initial $15 million funding already secured through convertible debt facility
- Strategic expansion beyond mining into digital asset accumulation and ecosystem development
- High exposure to Dogecoin price volatility risk
- Significant dilution potential from $400 million equity facility
- Substantial debt burden from $100 million convertible facility
- Strategy heavily dependent on speculative Dogecoin adoption and integration with X Money
Insights
Bit Origin's $500M funding for Dogecoin treasury represents a major strategic pivot with significant financial implications for the NASDAQ-listed company.
Bit Origin's announced
This strategic shift from mining infrastructure to direct cryptocurrency holding represents a fundamental business model transformation. Bit Origin's thesis centers on Dogecoin's underappreciated utility attributes - particularly its payment processing efficiency, low transaction fees, and growing merchant acceptance. The company explicitly ties its strategy to potential integration with X Money (Elon Musk's payment system), suggesting it's positioning for what it believes could be significant adoption catalysts.
This treasury approach differs significantly from typical corporate cryptocurrency strategies. Rather than simply holding Bitcoin as a balance sheet asset like MicroStrategy or Block, Bit Origin is specifically targeting Dogecoin, a cryptocurrency that began as a meme but has maintained remarkable network value and liquidity. The company appears to be developing an ecosystem strategy, mentioning plans to explore miner services and payment applications within the Dogecoin network.
The scale of this financing represents a material commitment relative to Bit Origin's market footprint, suggesting the company is essentially transforming into a publicly-traded proxy for Dogecoin exposure with operational ambitions beyond passive holding.
-Much Doge. Such Utility. Very Treasury.-
-First publicly listed company on major US exchange to accumulate Dogecoin as core asset-
SINGAPORE, July 17, 2025 (GLOBE NEWSWIRE) -- Bit Origin Ltd (NASDAQ: BTOG) ("Bit Origin" or the "Company"), today announced that it has entered into agreements with accredited investors for the sale of up to
- Bit Origin expects to become one of the largest publicly traded Doge holders
- Strategy aims to deliver long-term value through increasing Doge-per-share
- Reflects Company’s hope in potential Doge integrations into payment layers, such as X Money
“Bit Origin is evolving beyond mining infrastructure to engage directly in the value and utility of digital assets,” said Jinghai Jiang, CEO and Chairman of Bit Origin. “What started as a joke has evolved into a globally liquid asset with payments utility. Few digital assets rival Doge’s settlement speed and scale of community, which continues to drive adoption across peer-to-peer payments and online commerce.”
“We hope Doge’s performance and community make it a natural fit for X Money, as Elon Musk advances his vision for X as a global super-app,” continued Jiang. “In an age of broken institutions, Doge embodies a shared culture of optimism and resilience that transcends existing political and financial systems.”
Bit Origin’s accumulation of Doge reflects the Company’s conviction in the network’s grassroot strength and payments utility, driven by low fees and merchant acceptance. Building on its infrastructure roots, Bit Origin plans to explore miner-facing services, payment applications, and other value-generating operations within the Doge ecosystem.
The Company has completed an initial closing of
Chardan acted as the placement agent in connection with the funded facility from ATW Partners.
The foregoing description does not purport to be complete and is qualified in its entirety by reference to the full text of the Company’s current report on Form 6-K dated July 17, 2025.
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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