SANGRIX Sells 3 Million Dogecoin to Support Liquidity and Advance AI Infrastructure Transition
SANGRIX (SGRX) sold 3,000,000 Dogecoin on September 7, 2026, generating approximately US$267,665 in gross proceeds to support working capital and its transition toward AI computing infrastructure.
Rhea-AI Summary
SANGRIX (SGRX) sold 3,000,000 Dogecoin on September 7, 2026, generating approximately US$267,665 in gross proceeds to support working capital and its transition toward AI computing infrastructure.
The sale was executed in two transactions of 1,500,000 DOGE each at a weighted average price of about US$0.089221667 per DOGE, before fees. DOGE’s USD daily closing price rose about 10.7% over the seven days ended September 6, 2026, based on CoinGecko data, which is given as market context. SANGRIX plans to use net proceeds for general working capital and planned AI infrastructure expenditures and may consider further DOGE sales depending on market conditions, liquidity needs and capital allocation priorities.
Positive
- 3,000,000 DOGE sold for approximately US$267,665 in gross proceeds
- DOGE reference price increased ~10.7% over seven days ended September 6, 2026
- Proceeds earmarked for AI infrastructure expenditures and working capital
Negative
- Company may conduct additional DOGE sales, reducing remaining digital asset holdings
- Net proceeds are limited to about US$267,665, constraining funding capacity from this sale alone
Details
Market Reaction – SGRX
Following this news, SGRX has gained 1.14%, reflecting a mild positive market reaction. Our momentum scanner has triggered 6 alerts so far, indicating moderate trading interest and price volatility. The stock is currently trading at $1.66.
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Company generates approximately US
SINGAPORE, Sept. 09, 2026 (GLOBE NEWSWIRE) -- SANGRIX INC. (NASDAQ: SGRX) (the “Company”), formerly known as Bit Origin Ltd, today announced that it sold an aggregate of 3,000,000 Dogecoin (“DOGE”) on September 7, 2026, generating approximately US
The sales were completed through two transactions of 1,500,000 DOGE each, at a weighted average execution price of approximately US
The transactions followed a recovery in DOGE prices. Based on historical daily closing prices published by CoinGecko in U.S. dollars, DOGE increased approximately
The Company intends to use the net proceeds for general working capital and planned AI infrastructure expenditures, including equipment and deployment-related costs. The sales reflect the Company’s assessment of market conditions, operating cash requirements and investment priorities as it reallocates resources toward its AI infrastructure business.
The Company will continue to evaluate further sales of its remaining DOGE holdings, from time to time, based on market conditions, liquidity needs and capital allocation priorities. Any additional sales, if pursued , will depend on the then circumstances, size and pricing determined by these considerations, and no assurance can be given that additional sales will occur. Available proceeds, if any, would support working capital and the continued development of the Company’s AI infrastructure business.
“These transactions convert a portion of our digital asset holdings into cash to support our operating needs and AI infrastructure plans,” said Jinghai Jiang, Chairman and Chief Executive Officer of SANGRIX. “The recent recovery in DOGE prices provided an opportunity to increase our financial flexibility. We will continue to assess further sales as part of our capital allocation process, with a focus on funding business priorities and advancing our transition.”
The Company also reported that its audit and compliance-related work continues to progress as planned. The Company will provide additional updates as material developments occur.
About SANGRIX INC.
SANGRIX INC. (NASDAQ: SGRX), formerly Bit Origin Ltd, is pursuing a strategic transition toward infrastructure supporting artificial intelligence workloads. Its areas of focus include GPU-based computing capacity, leasing of servers, data storage and associated services. Alongside these initiatives, the Company continues to oversee its digital asset holdings and legacy business activities.
Further information is available at www.bitorigin.io.
Forward-Looking Statements
Certain statements in this announcement concern future events rather than historical facts. These include potential additional sales of DOGE holdings; the timing, amount and use of proceeds of such sales; the intended allocation of proceeds from completed transactions; anticipated liquidity benefits; planned AI infrastructure investments; deployment activities; and the Company’s business transition.
Actual outcomes may vary materially from these expectations. Relevant uncertainties include digital asset price movements and market liquidity, the ability to execute additional sales on acceptable terms, operating cash requirements, access to funding, equipment availability, installation and testing schedules, infrastructure readiness, demand for computing services, the performance of suppliers and commercial partners, and the outcome of audit and regulatory processes. Additional risk information appears in the Company’s reports submitted to the U.S. Securities and Exchange Commission.
These statements reflect management’s views on the date of this announcement. Unless legally required, the Company does not commit to revising them in response to subsequent information or events.
Company Contact
SANGRIX INC.
Mr. Jinghai Jiang
Chairman and Chief Executive Officer
Email: ir@bitorigin.io
Market Data Source
CoinGecko, Dogecoin Historical Data, USD daily closing prices for August 30 and September 6, 2026; dates reported in UTC. Percentage change calculated from the reported prices.
FAQ
How were the Dogecoin sale transactions by SANGRIX structured?
The company sold an aggregate of 3,000,000 DOGE in two separate transactions of 1,500,000 DOGE each. The weighted average execution price was approximately US$0.089221667 per DOGE, before transaction fees.
What market data does SANGRIX reference regarding Dogecoin prices?
The company cites historical daily closing prices from CoinGecko in U.S. dollars, noting that DOGE increased about 10.7% over the seven-day period ended September 6, 2026, from US$0.082054 on August 30 to US$0.090856 on September 6. These prices are provided only as context and do not represent the company’s execution prices or investment returns.
How does SANGRIX plan to use the Dogecoin sale proceeds?
SANGRIX intends to use the net proceeds for general working capital and planned AI infrastructure expenditures, including equipment and deployment-related costs. The company states that available proceeds support its operating needs and the continued development of its AI infrastructure business.
Will SANGRIX sell more of its Dogecoin holdings?
The company indicates that it will continue to evaluate further sales of its remaining DOGE holdings from time to time. Any additional sales would depend on market conditions, liquidity needs and capital allocation priorities, and there is no assurance that additional sales will occur.
What update does SANGRIX provide on its audit and compliance work?
The company reports that its audit and compliance-related work continues to progress as planned and that it will provide additional updates as material developments occur.
What is SANGRIX’s current strategic focus?
SANGRIX is pursuing a strategic transition toward infrastructure supporting artificial intelligence workloads. Areas of focus include GPU-based computing capacity, leasing of servers, data storage and associated services, while it continues to oversee its digital asset holdings and legacy business activities.