Bit Origin Announces Dogecoin Treasury Initiative Worth 500 Million USD

Bit Origin Ltd, listed on Nasdaq (BTOG), announced on July 17 a funding plan of 500 million dollars to establish a Dogecoin treasury (DOGE), aiming for long term asset value. The initiative to build a Dogecoin reserve fund by Bit Origin reflects a shift in the company's cryptocurrency strategy, which could influence similar moves by other companies in the cryptocurrency market. Bit Origin's Dogecoin treasury worth 500 million dollars: Strategy and Finance Bit Origin has announced an ambitious plan to launch a DOGE fund with a $500 million grant. The goal revolves around holding DOGE long term to increase asset value by increasing the amount of money held per share. The first $15 million has been raised through convertible bond funding for initial DOGE purchases. The consequences of this strategy may include a significant shift in the perception of DOGE within the investment portfolios of institutions. This move marks the first large-scale participation of a company listed on Nasdaq in DOGE as a fund asset, potentially signaling a diversification strategy beyond traditional assets. "Bit Origin Ltd has secured funding of up to 500 million dollars to launch the Dogecoin reserve fund." - Mr. Jiang Jinghai, Chairman of the Board, Chief Executive Officer and Executive Director, Bit Origin Ltd Market participants have expressed interest in Bit Origin's announcement, with DOGE potentially being adopted by organizations, creating a ripple effect throughout the cryptocurrency space. So far, there have been no direct public comments from influencers or key executives, although the strategy has been formalized through the company's press releases. Market trends of Dogecoin and the role of Bit Origin Did you know? In 2020, MicroStrategy's decision to invest heavily in Bitcoin paved the way for corporate cryptocurrency investment funds, a trend that Bit Origin may continue with DOGE. As of July 17, 2025, Dogecoin has a market capitalization of $32.11 billion and is trading around $0.21, according to CoinMarketCap. Notable recent price changes include a 6.35% increase in the past 24 hours and a 37.07% increase over the past 90 days. Trading volume surged by 96.39% to $3.72 billion, indicating growing market interest. The research team notes that the scale and presence of Bit Origin on the Nasdaq may be more closely monitored. However, the financial shift towards DOGE could set a new standard in the company's cryptocurrency strategy. Integrating the ecosystem with DOGE-related projects could further impact technological advancements in blockchain applications.