Bit Origin Ltd. $(BTOG)$ has announced a significant expansion in its Dogecoin holdings, now exceeding 70 million DOGE following a recent private placement. The company closed the deal involving the purchase and sale of 20 million Class A ordinary shares for a total of 30 million DOGE, at a rate of $0.2 per DOGE. This move is part of Bit Origin's strategy to enhance its Dogecoin treasury, with the current DOGE holdings standing at 70,543,745 and an average acquisition cost of approximately $0.2268 per DOGE. The expansion is aligned with Bit Origin's broader goal of establishing one of the largest Dogecoin treasuries among publicly traded companies, supported by a previously announced $500 million equity purchase and convertible note facility. CEO Jinghai Jiang emphasized the company's commitment to aligning capital formation with its digital asset strategy, highlighting the private placement's role in scaling DOGE holdings and driving DOGE-Per-Share.