Bit Origin Soars 25.67% on Dogecoin Acquisition Plan
On July 18, 2025, Bit OriginBTOG-- surged by 25.67% in pre-market trading, marking a significant rise in its stock price.
Bit Origin has announced an ambitious plan to raise up to $500 million to acquire Dogecoin, signaling a major shift in its corporate crypto strategy. The company aims to hold Dogecoin long-term to increase asset value by raising the amount of money held per share. This move is part of a broader trend of accelerating institutional crypto adoption, as more companies integrate digital assets into their portfolios and strategies.
Bit Origin's entry into Dogecoin holdings is not merely symbolic; it is part of a wider ambition to enhance shareholder value. The company has secured $500 million in equity and debt facilities to launch its Dogecoin treasury, demonstrating its commitment to this new strategy. This move aligns with a forward-thinking, tech-centric vision and highlights the growing importance of digital assets in corporate finance.
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