Bit Origin don open $500M Dogecoin Treasury Fund
Bit Origin Ltd wey dey Nasdaq don open $500 million Dogecoin treasury, dem use $400 million fresh equity plus $100 million convertible debt take build DOGE reserve. After dem finish first $15 million tranche, CEO Jinghai Jiang wan make Dogecoin become global payment asset plus make DOGE holdings per share rise. Inspired by MicroStrategy’s Bitcoin ETF move, dis Dogecoin treasury thing go develop DOGE-based payment apps and miner services. The company plan to expand Dogecoin community partnerships and fit still issue more debt to grow e reserve. Traders suppose watch out for short-term wahala for BTOG stock, full financing finish, and long-term demand pressure on DOGE. Dis move show say institutional adoption dey grow and e fit help Dogecoin market stability plus liquidity.
Bullish
Bit Origin launch $500 million Dogecoin treasury fund mean say big institutions dey demand plenty for DOGE. Short term, e fit make price waka up and down as market dey respond to big DOGE buying and stock market wahala. But when dem set formal treasury, e fit make steady accumulation happen, wey go reduce amount wey dey circulate and support price. Long term, treasury reserve, new DOGE payment apps and ongoing buybacks go hold demand steady and give liquidity, wey go push price gatz positive side. Like from how Bitcoin corporate treasury strategies dey work before, these moves fit make market believe and bring more big institutions money enter. All in all, this news get better chance for Dogecoin to rise.