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Bit Origin's $500M Dogecoin Treasury: A New Altcoin Bet
ByAinvest
Sunday, Jul 20, 2025 2:05 pm ET1min read
Bit Origin plans to spend $500 million to establish a Dogecoin treasury, aiming to become the largest DOGE holder. The company hopes to benefit from the potential inclusion of DOGE in Elon Musk's X Money payment tool. Despite the uncertainty surrounding X's confirmation, Bit Origin also sees growth in Dogecoin through the emergence of DOGE-based exchange-traded funds. Bit Origin is not the first company to invest in memecoins, following Freight Technologies' $20 million Trump token treasury.
Bit Origin, a Singapore-based crypto mining company trading on Nasdaq, has announced plans to spend $500 million to establish a Dogecoin treasury, aiming to become the largest DOGE holder. The company has already closed on $15 million in debt funding and plans to use a significant portion of it for its first DOGE purchase [1].The treasury, backed by $400 million in equity and $100 million in convertible debt from accredited investors, is intended to support future blockchain initiatives and community-led developments. Bit Origin hopes to benefit from the potential inclusion of DOGE in Elon Musk's X Money payment tool, which has been a significant driver of DOGE's price and popularity. Despite the uncertainty surrounding X's confirmation, the company also sees growth in Dogecoin through the emergence of DOGE-based exchange-traded funds (ETFs) [2].
Bit Origin is not the first company to invest in memecoins. In May, Freight Technologies announced the creation of a $20 million Trump token treasury. However, Bit Origin's move is notable as it represents a significant shift in the company's focus from Bitcoin mining to a Dogecoin treasury strategy [3].
The company's share price has seen a significant increase following the announcement, jumping 28% in U.S. morning trade to $0.52. Despite the company's shaky track record and limited public visibility, the DOGE gamble is seen as a high-stakes bet on the staying power of memecoins and crypto treasuries as long-term financial tools [1].
References:
[1] https://www.coindesk.com/markets/2025/07/17/bit-origin-eyes-usd500m-dogecoin-treasury-backed-by-equity-and-debt
[2] https://www.ainvest.com/news/dogecoin-news-today-dogecoin-surges-3-bit-origin-announces-500-million-treasury-arctic-pablo-coin-presale-offers-1500-potential-return-2507/
[3] https://crypto.news/dogecoin-gambit-bit-origin-microstrategy-meme-treasury/
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