U.S. listed company Bit Origin has secured $500 million in financing and plans to launch the DOGE treasury program

ChainCatcher news, according to Globenewswire, Nasdaq-listed company Bit Origin (NASDAQ: BTOG) announced that it has reached agreements with multiple qualified investors to launch a DOGE treasury reserve, with total financing of up to $500 million, including $400 million in equity financing and $100 million in convertible bond financing.

The company plans to hold DOGE as a core asset for the long term, aiming to become one of the largest publicly listed holders of DOGE globally, and to achieve long-term value enhancement through "increased holdings per share."

Bit Origin stated that DOGE, with its extremely fast settlement speed, large community size, and increasingly expanding merchant acceptance, is playing an increasingly significant role in peer-to-peer payments and e-commerce scenarios. The company hopes that DOGE will become an important part of Elon Musk's X platform "X Money" payment system.