Nasdaq Company Throws Half a Billion at Dogecoin – Because Why Not?

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Bit Origin Ltd has decided to roll the dice and raise $500 million for a strategy centered around Dogecoin. Yes, you read that right, DOGE. The company is pretty confident it can sell you some Dogecoin dreams through accredited investors. Oh, the joys of the crypto world!

CEO Thinks Dogecoin is “Totally Evolving”—Surprising, Right?

So, here’s the deal: Nasdaq-listed Bit Origin, the company that’s probably gotten a few emails asking if they want to “buy Dogecoin at a discount,” announced plans on July 17 to launch a $500 million Dogecoin ( DOGE) treasury strategy. The company’s gotten cozy with accredited investors who are more than willing to fund this high-stakes gamble with $400 million in Class A ordinary shares and a cool $100 million in convertible debt. So, if you’re wondering what “conservative investing” looks like, this might not be it.

In a press release (yes, because of course there’s one), Bit Origin’s big goal is to become one of the largest publicly traded holders of DOGE. Their hope? To make Dogecoin a long-term money-making machine by increasing Doge-per-share. Fingers crossed it’s not just another “hold and pray” strategy. They also believe Doge has massive potential to be used for payments—on platforms like X Money. You know, for when you want to send money but also want to make sure you’re doing it with *style*.

Jinghai Jiang, the CEO and Chairman of Bit Origin, had this to say: “What started as a joke has evolved into a globally liquid asset with payments utility.” So, you know, no biggie. Who would’ve thought that a meme coin would become a “serious” digital asset? And let’s not forget that Dogecoin’s community is *huge*—and let’s face it, who can resist the allure of speed, scale, and all those adorable Doge memes?

Jiang wasn’t done. He continued, “We hope Doge’s performance and community make it a natural fit for X Money, as Elon Musk advances his vision for X as a global super-app.” So apparently, in the future, we’ll be using Dogecoin to buy coffee, pay rent, and maybe even adopt pets, all while simultaneously making Elon Musk’s Twitter experience even *weirder*. All hail the Doge revolution, which transcends political and financial systems. So deep, right?

Bit Origin’s growing stash of DOGE proves they believe in the power of grassroots crypto. With low fees and increasing merchant adoption, they think Dogecoin is a total game-changer. They’re also planning to expand their reach within the DOGE ecosystem, including developing miner-facing services, payment applications, and, who knows, probably a Dogecoin-themed amusement park. Get ready for that, folks.

Oh, and just to keep things moving, the company has already closed $15 million under its convertible debt facility and plans to spend a hefty chunk of that on its first big Dogecoin purchase. Who’s counting, right? Chardan, the placement agent, helped pull this off, so credit where credit’s due.

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2025-07-18 00:57