Is Bit origin the microstrategy of themes? star-news.press/wp

The Treasury race in Altcoin requires a new turn. On July 17, 2025, it was reported that the NASDAQ bit or shape pledged $ 500 million to arrange a Dogoin wardrobe. What makes the original confident in its movement?

Bit Origin’s Dogecoin Bet Long

Bit Origin has announced that it has agreed with investors to sell regular shares of $ 400 million and $ 100 million in convertible debt. The company plans to become the largest Ministry of Treasury. The price of its share will be estimated in the long run by increasing the percentage of the stock. Bit Origen has already raised $ 15 million, with most of these money to buy DOGE.

One of the reasons why Bit Origin sees capabilities in Memecoin is that Doge is the favorite of Elon Musk, and fans specify that the CEO of Tesla will add it as a way to pay in the upcoming Money payment tool.

Jinghani Jiang, CEO of Origin, puts it in this way:

“We hope to make Dog’s performance and its community suitable for the X, as Elon Musk develops his vision of X as a global super application. In the era of broken institutions, Dog embodies a common culture of optimism and flexibility that goes beyond the current political and financial systems.”

However, X has not confirmed the currency as a payment method yet. This uncertainty casts a shadow over the potential of the origin to take off.

In addition to the hope of inserting the DOGE option in X Money, the price of Dogecoin may be strengthened through the appearance of exchange boxes on the basis of exchange. The US Securities and Stock Exchange Committee has not taken a decision on whether the investment funds traded in Dogoin will be approved. Bitwise, 21 shares, and Grayscale are currently waiting for the decision because they are foot To launch Spot Doge Etfs.

Although Bit Orige has a good opportunity to become the most Doge Treasury Ministry and the first public company to establish the DOGE Ministry, it is not the first company to bet on memecoins. In May, the shipping company Technologies announced the creation of a symbolic wardrobe of $ 20 million.

The problem of the problem for Bit Origin

Bit Origin is a US -based company, formerly from Singapore. The company focused on building the bitcoin manufacturing system; However, he has now moved to the Dogoin wardrobe. Just like the most prominent Bitcoin Treasury Company, the strategy (previously known as Microstrategy), Bit Orige was not a company that focuses on encryption from the first day. It underwent a process of turning after the recession of its share price in 2022. Before 2022, the company was an agricultural institution known as China Xiangtai Food Co. , Ltd.

As of July 19, its shares (BOTG), which were previously traded above $ 120 in 2019, now cost only $ 0.70. The price has decreased from the beginning, with many short -term gatherings in 2020 and 2021. China Xiangtai Food Co. , Ltd. And to some extent, the change of the focus in the declining direction of the stock price has not changed. The recently announced Dogecoin wardrobe plans helped pay the price from 35 cents to more than 70 cents. Looking at all of these, Doge Gamble may be the company’s last resort to revitalize its importance.

A special place for Dogecoin in Altcoin space

While Dogecoin was initially launched as an encrypted currency of siring simulator and at the end of it by its creator, it was able to remain one of the most popular cryptocurrencies and identification, which paves the way for the various memes of the dog.

Some projects that have tried to repeat the attraction of Dogecoin include large symbols such as Shiba Inu, Bonk and Floki. They are all among the 100 best cryptocurrencies depending on the market value. However, Dogecoin is still the most prominent mechanical. As of July 19, 2025, the eighth place is ranked at the end of the market for more than $ 36 billion.

Due to the lack of a team on the development of Dogecoin, it has become a project driven by society. In 2010, Dogecoin was significantly used for donation collection purposes. In the first year of its existence, the Dogecoin community donated their coins to the victims of the Dogwaallet penetration, which led to a massive theft of coins. In 2014, Dogecoin was used to raise money for many athletes, which enabled them to participate in the competition, and the goals were achieved.

Over the years, Dogecoin has been supported by prominent characters such as Vitalik Buterin, Snop Dogg, Gene Simmons and Elon Musk. In 2021, the comic tweets of the latter about DOGE resulted in the short -term growth of the DOGE symbol. Dogecoin’s dream remains a price of $ 1 not achieved; However, the Bit Origin news from Doge Treasury Pivot has reshaped society’s expectations at the Dogoin Assembly.