Bit Origin Ltd. Expands Dogecoin Holdings to Over 70 Million Following Successful Private Placement
Reuters
Aug 12
Bit Origin Ltd. Expands Dogecoin Holdings to Over 70 Million Following Successful Private Placement
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.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bit Origin Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-076525), on August 12, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.