Bit Origin buy 40.5M Dogecoin ($9.9M) for Treasury Strategy

Nasdaq-listed Bit Origin don launch corporate treasury strategy, dem buy 40.5 million Dogecoin (DOGE) for $9.9 million. Di firm plan to raise $400 million through share sales and $100 million through convertible debt to support di Dogecoin holdings dem. E bin still be China Xiangtai Food before, Bit Origin change name for 2022 and sharp change enter crypto mining by buying Bitcoin rigs. CEO Lucas Jiang talk say Dogecoin liquidity, DeFi potential, micro-payment uses, better developer involvement, and growing institutional interest na main factors. This waka align with di bigger corporate treasury diversification into digital assets, e sef mimic how public companies dey buy Bitcoin, e come coincide with bullish altcoin momentum—PENG rise 21.7%, RAY and KAS each gain over 20%—while BTC and ETH dey trade within narrow range.