DOGE’s Bold Leap: Bit Origin’s $500M Treasury Strategy to Propel Dogecoin’s Future

In a groundbreaking move, Nasdaq-listed crypto miner Bit Origin Ltd (NASDAQ: BTOG) has announced a strategic pivot toward Dogecoin, securing $500 million to establish the first-ever Dogecoin-backed treasury. This ambitious initiative, comprising $400 million in equity and $100 million in convertible debt, marks a significant shift from traditional mining infrastructure to a treasury-focused approach. With $15 million already closed under the debt facility and Chardan acting as the placement agent, the project signals strong institutional confidence in Dogecoin's long-term value. This development, as of July 2025, could catalyze broader adoption and price appreciation for DOGE, reinforcing its position in the crypto ecosystem.

Bit Origin Secures $500M to Establish Dogecoin Treasury Strategy

Nasdaq-listed crypto miner Bit Origin Ltd (NASDAQ: BTOG) has pivoted toward Dogecoin, announcing a $500 million fundraising effort to build the first Dogecoin-backed treasury. The capital will comprise $400 million in equity and $100 million in convertible debt, with $15 million already closed under the debt facility. Chardan acted as placement agent for the offering.

The MOVE signals a strategic shift from infrastructure expansion to direct digital asset involvement. Bit Origin plans to become one of the largest public holders of DOGE, citing its global liquidity and payments utility. CEO Jinghai Jiang emphasized Dogecoin's high settlement speeds and active user base as key drivers.

Market reaction was immediate: Bit Origin shares surged 28% following the announcement, mirroring Dogecoin's price momentum. The initiative positions the memecoin as an institutional-grade asset, challenging perceptions of its speculative nature.

Dogecoin Price Prediction: Is a 380% Rally to $1 Now Possible?

Dogecoin has surged 14% today, trading around $0.248, marking its strongest weekly close in months. A breakout from a symmetrical triangle pattern suggests a potential 380% rally, potentially pushing Doge to the $1 mark. Momentum indicators like the RSI and AO signal growing bullish strength.

Institutional interest is heating up, with Nasdaq-listed Bit Origin securing $500 million for a Dogecoin treasury strategy. This move underscores rising confidence in DOGE's long-term viability. The combination of technical breakout and institutional backing paints a compelling picture for memecoin enthusiasts.

Dogecoin Eyes $5 After Explosive Breakout and Surging Market Interest

Dogecoin's price surged 11% in 24 hours, reaching $0.2396 amid a broader crypto market rally. Trading volume spiked to $25.65 billion, with market capitalization hitting $36.10 billion—reigniting speculation of a return to its 2021 highs.

Technical indicators confirm a bullish breakout, supported by rising momentum and volume. Influencers like Hailey LUNC and BATMAN amplified retail interest, with the latter declaring dogecoin is "reliving its glory days."

Once dismissed as a meme coin, DOGE now demonstrates altcoin staying power. The rally coincides with renewed institutional interest in crypto assets, though macroeconomic headwinds remain a wildcard.