Bit Origin Opens $500M Dogecoin Treasury Fund
Nasdaq-listed Bit Origin Ltd has opened a $500 million Dogecoin treasury, deploying $400 million in new equity and $100 million in convertible debt to build a DOGE reserve. After completing an initial $15 million tranche, CEO Jinghai Jiang aims to position Dogecoin as a global payment asset and boost DOGE holdings per share. Inspired by MicroStrategy’s Bitcoin ETF strategy, the Dogecoin treasury initiative will develop DOGE-based payment applications and miner services. The company plans to expand Dogecoin community partnerships and may issue additional debt to scale its reserve. Traders should watch for short-term volatility in BTOG stock, the completion of full financing, and longer-term demand pressures on DOGE. The move highlights growing institutional adoption and could enhance Dogecoin market stability and liquidity.
Bullish
Bit Origin’s launch of a $500 million Dogecoin treasury fund signals significant institutional demand for DOGE. In the short term, this may trigger price swings as markets react to large-scale DOGE acquisitions and the stock’s volatility. However, establishing a formal treasury often leads to steady accumulation, which can reduce circulating supply and support prices. Over the long term, the treasury reserve, new DOGE-based payment applications, and ongoing buybacks should underpin sustained demand and liquidity, driving positive price momentum. As seen in past corporate treasury strategies with Bitcoin, these moves can foster market confidence and attract further institutional inflows. Overall, the news has a bullish outlook for Dogecoin.