[PRESS RELEASE – Singapore, Singapore, July 17th, 2025]
-A lot Doge. Such Utility. Very Treasury.-
-First publicly listed firm on a significant US alternate to build up Dogecoin as a core asset-
Bit Origin Ltd (NASDAQ: BTOG) (“Bit Origin” or the “Firm”), right now introduced that it has entered into agreements with accredited traders for the sale of as much as $400 million in Class A abnormal shares and as much as $100 million in convertible debt to launch the Firm’s Dogecoin (“Doge”) treasury technique.
- Bit Origin expects to turn out to be one of many largest publicly traded Doge holders
- Technique goals to ship long-term worth by means of growing Doge-per-share
- Displays the Firm’s hope in potential Doge integrations into cost layers, resembling X Cash
“Bit Origin is evolving past mining infrastructure to interact straight within the worth and utility of digital belongings,” stated Jinghai Jiang, CEO and Chairman of Bit Origin. “What began as a joke has developed right into a globally liquid asset with a funds utility. Few digital belongings rival Doge’s settlement velocity and scale of neighborhood, which continues to drive adoption throughout peer-to-peer funds and on-line commerce.”
“We hope Doge’s efficiency and neighborhood make it a pure match for X Cash, as Elon Musk advances his imaginative and prescient for X as a world super-app,” continued Jiang. “In an age of damaged establishments, Doge embodies a shared tradition of optimism and resilience that transcends present political and monetary programs.”
Bit Origin’s accumulation of Doge displays the Firm’s conviction within the community’s grassroots energy and cost utility, pushed by low charges and service provider acceptance. Constructing on its infrastructure roots, Bit Origin plans to discover miner-facing companies, cost functions, and different value-generating operations inside the Doge ecosystem.
The Firm has accomplished an preliminary closing of $15 million below the convertible debt facility and intends to make use of a good portion of the proceeds for its preliminary Dogecoin acquisition.
Chardan acted as the location agent in reference to the funded facility from ATW Companions.
The foregoing description doesn’t purport to be full and is certified in its entirety by reference to the total textual content of the Firm’s present report on Kind 6-Okay dated July 17, 2025.
About Bit Origin Ltd
Bit Origin Ltd is an rising development firm working in the USA and engaged within the cryptocurrency mining enterprise. The Firm can also be actively deploying blockchain applied sciences alongside diversified enlargement methods.
For extra info, customers can go to https://bitorigin.io.
Protected Harbor Assertion
This announcement comprises forward-looking statements inside the which means of the protected harbor provisions of the Non-public Securities Litigation Reform Act of 1995. All statements aside from statements of historic truth on this announcement are forward-looking statements. These forward-looking statements contain identified and unknown dangers and uncertainties and are primarily based on present expectations and projections about future occasions and monetary tendencies that the Firm believes might have an effect on its monetary situation, outcomes of operations, enterprise technique, and monetary wants. Buyers can determine these forward-looking statements by phrases or phrases resembling “might,” “will,” “count on,” “anticipate,” “purpose,” “estimate,” “intend,” “plan,” “consider,” “potential,” “proceed,” “is/are prone to” or different comparable expressions. The Firm undertakes no obligation to replace forward-looking statements to replicate subsequent occurring occasions or circumstances or adjustments in its expectations, besides as could also be required by regulation. Though the Firm believes that the expectations expressed in these forward-looking statements are affordable, it can’t guarantee you that such expectations will become appropriate, and the Firm cautions traders that precise outcomes might differ materially from the anticipated outcomes.
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