Chefir, listed on the NASDAQ, Bit Origin Ltd, collected half a billion dollars to launch a Dogoin wardrobe. Financing consists of $ 400 million property and transferred debts of $ 100 million by accredited investors.
Bit Origin wants to be Top Dogecoin Treasury Company
According to press releaseBit Oriigin aims to be the first listed company in one of the U.S. preference to own a Dogcoin wardrobe. The company will use the money to purchase Dogecoin and support development in the Dogecoin ecosystem.
This step represents a shift in the Bit Origin strategy. The company has now focused on encryption mining, now you want to participate in creating value and the benefit of digital assets.
Bit Origin expects to become one of the largest Dogecoin holders among public companies through Dogecoin. Jinghai Jiang said that the speed of the community and the power of society makes it attractive to payments from peers.
He believes that Dogecoin can play a major role in global transactions, especially with the imminent launch of the Elon Musk’s X Money platform (in pushing applications and banks integrated in X). Jiang added that Dukwin reflects the culture of flexibility and optimism. He said it could help create new financial systems outside the traditional structures.
Bit Origin hopes that the Dogoin Treasury will increase the shareholders through more Doge-Clarr over time. The company has already closed $ 15 million under Dion facility. This initial funding will be used in the first Dogecoin purchases.
Sharadan worked as an employment agent for the deal, and ATW Partners provided debt financing. Besides Dogoin Treasury, Bit Origin said it is also planning to build DOGE services. These include miners, payment applications and other operations that support the use of Dogecoin.
Earlier this week, the volume of futures trading in Meme Coin exceeded $ 1.48 billion. The amount is the highest level this month after the accumulation of whales.
Thus, the similar trend is already playing. Coinglass data He explains that the open interest in Doge Futures increased by 12.7 % in the last day. At the same time, the permanent financing rates have turned positive. This shift shows that merchants put up bodies on Dogecoin.
Dogecoin rises 6 % with the progress of the cabinet in Bit Origin
After declaring Dogecoin Treasury, Doge Price increased by 6.01 % in the last day. Accordingly, it trades at $ 0.231 at the time of writing this report. Trading also increased more than 96 % during this period.
As Coingaa said, interest in Dogecoin continues to rise despite the transformation of merchants towards the recently launched pump code.
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Paul Adedoyin is an encryption journalist with more than 4 years of experience that provides timely news, in -depth research, and insightful content to inform and empower his fans. His works appeared in sites like Cryptomode, Cryptonewsflash and others. He holds a certificate in geophysics from OAU, Nigeria. When he does not write, he loves to watch football and read educational magazines. It can be accessed via (e -mail reserve)
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2025-07-17 15:24:00
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