Bit Origin Soars 2.31% on Dogecoin Treasury Plan

On July 21, 2025, Bit Origin's stock price surged by 2.31% in pre-market trading, reflecting a significant bullish sentiment among investors.

Bit Origin has announced an ambitious plan to establish a Dogecoin treasury, allocating $500 million to become one of the largest holders of DOGE. This strategic move is aimed at capitalizing on the growing popularity and potential of meme coins, particularly Dogecoin, which has gained significant traction in recent years.

The company intends to raise the $500 million through a combination of equity sales and debt financing, with $400 million coming from equity and $100 million from debt. This substantial investment underscores Bit Origin's confidence in the future of Dogecoin and its potential to drive shareholder value.

Bit Origin's decision to invest in Dogecoin aligns with the broader trend of institutional acceptance of meme coins. The company's move is seen as a bold bet on the future of cryptocurrencies, particularly those with strong community support and cultural significance.

This strategic initiative is expected to fuel fresh hopes and optimism among investors, potentially leading to further stock price appreciation for Bit Origin. The company's proactive approach to diversifying its cryptocurrency holdings and leveraging emerging trends in the digital asset space positions it well for future growth and success.