Bit Origin Soars 10.66% on $6M Private Placement

On August 13, 2025, Bit Origin surged by 10.66% in pre-market trading, reflecting a significant bullish sentiment among investors.

Bit Origin has recently closed a $6 million private placement, which involved the purchase and sale of 20 million Class A ordinary shares. This transaction is part of the company's broader strategy to build its Dogecoin treasury, which now holds approximately 70.5 million DOGE. The private placement, which closed on August 11, 2025, raised 30 million Dogecoin, enhancing Bit Origin’s Dogecoin holdings and aligning with its goal to become one of the largest Dogecoin holders among publicly traded companies.

Bit Origin Ltd is an emerging growth company focused on deploying blockchain technologies and pursuing diversified expansion strategies. The company's recent private placement is a testament to its commitment to building a substantial Dogecoin treasury, which could potentially drive further growth and investor interest.