Dogecoin News Today: Bit Origin Invests $500 Million in Dogecoin, Price Jumps 10%

Bit Origin Ltd, a U.S.-based cryptocurrency company, has announced a significant investment strategy, pledging up to $500 million into Dogecoin. This move is part of the company's broader plan to diversify its investment interests and expand into payment-related services. The investment will be funded through a combination of equity and debt offerings. Bit Origin has already secured $400 million through the issuance of Class A ordinary shares and plans to raise an additional $100 million through a convertible debt offering. The company has drawn down $15 million from the debt facility and intends to use a substantial portion of this amount to begin purchasing Dogecoin.

Bit Origin's strategy involves holding Dogecoin and developing services around it to assume a more significant role in the digital asset space. The company believes that this shift will bring long-term value to its shareholders by increasing its Dogecoin-per-share value over time. Chairman and CEO Jinghai Jiang highlighted Dogecoin's transaction speed, low fees, and large user base as key factors that make it a strong candidate for payment use. This is particularly relevant with the upcoming launch of Elon Musk’s X Money, a payments feature for the X platform.

In addition to its investment in Dogecoin, Bit Origin plans to explore other Dogecoin-related projects. These could include tools for miners, payment applications, and services that facilitate the broader adoption of DOGE in online transactions. The company aims to move beyond just mining and participate in the broader value chain of digital assets. By doing so, Bit Origin expects to become one of the largest holders of Dogecoin among publicly listed firms.

Bit Origin’s announcement comes at a time when more public companies are integrating cryptocurrencies into their business strategies. This trend has gained momentum in 2025, with corporate treasury firms adding significant amounts of Bitcoin and other digital assets to their portfolios. The growing acceptance of cryptocurrencies by large banks and the support from regulatory bodies have added to investor confidence in the digital asset space.

Since Bit Origin announced its DOGE plans, the price of Dogecoin has risen 10% to $0.2327. This price increase reflects the market's positive reaction to the news and the potential for further institutional investment in Dogecoin. The heightened interest from public companies and the possible integration of Dogecoin into platforms like X have brought the memecoin back into the spotlight. Bit Origin’s strategy may signal more institutional moves into the coin in the months ahead, further solidifying Dogecoin's position in the digital asset market.