Bit Origin, Listed in the US, Purchases 40.5 Million DOGE

2025/07/23 11:23

CoinPost

Written by L.Kikutani

Bit Origin, Listed in the US, Purchases 40.5 Million DOGE

Purchasing DOGE

Bit Origin, a cryptocurrency mining company listed on NASDAQ, announced on July 21 that it had purchased approximately 40.54 million Dogecoin (DOGE). This acquisition occurred less than a week after the company initiated its corporate treasury strategy for DOGE. The company, a small-cap with a market capitalization of about $40 million, is currently trading at $0.68 per share. It also revealed that it had secured up to $500 million in equity and debt financing to launch the Dogecoin treasury.

MAGAZINE

Iolite Vol.14

July 2025 issueReleased on 2025/05/30

Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.

MAGAZINE

Iolite Vol.14

July 2025 issueReleased on 2025/05/30