$DOGE Treasury Strategy Begins as Bit Origin Buys 40.5M Tokens


$DOGE purchases totaling 40.5 million tokens mark the first acquisition in Bit Origin's new corporate treasury strategy.


The mining company secured up to $500 million in equity and debt funding to establish the #Dogecoin treasury last week.


Bit Origin bought tokens at an average cost of $0.2466 per $DOGE as CEO Jinghai Jiang cited micropayment utility potential.


The initiative specifically targets #ElonMusk X Money super-app ambitions and growing institutional interest in tokenization.


The microcap company has a $45 million market cap and trades under $0.80 per share.


$DOGE traded 5.5% higher to $0.28 following the announcement as #memecoin adoption grows.


Bit Origin joins Neptune Digital Assets and Dogecoin Cash Inc in pursuing corporate $DOGE investment strategies.

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July 22, 2025 at 12:29 AM
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