en.bitcoinsistemi.com
Recently, the treasury strategy for Bitcoin (BTC), Ethereum (ETH), and altcoins has begun to accelerate. Companies are announcing multi-million dollar moves one after another, with the latest announcement coming from Bit Origin.
Nasdaq-listed company Bit Origin has announced that it will raise $500 million and create a large treasury of Dogecoin ($DOGE).
According to the official statement, Bit Origin announced that it plans to raise $500 million, including $400 million in equity and $100 million in convertible debt, to accumulate Dogecoin as a core asset.
The company has already raised $15 million and plans to use a significant portion of the proceeds for its first Dogecoin purchase.
The company aims to become one of the largest public Dogecoin holders by showcasing the benefits of $DOGE, its low fees, and its strong community.
“Bit Origin aims to become one of the largest publicly traded Dogecoin holders.
The strategy aims to create long-term value by increasing Doge per share.”
Bit Origin CEO and President Jinghai Jiang said: “Bit Origin goes beyond mining infrastructure to directly participate in the value and utility of digital assets. What started as a joke has evolved into a globally liquid asset with ease of payment. Few digital assets can compete with the payment speed and community power of Dogecoin, which continues to drive adoption in peer-to-peer payments and online commerce. In an age of broken institutions, $DOGE represents a shared culture of optimism and resilience that transcends current political and financial systems.”
*This is not investment advice.