Publicly listed Bit Origin secures $500 million in equity and debt funding to launch DOGE treasury reserve

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PANews reported on July 17 that according to Globenewswire, Nasdaq-listed Bit Origin (NASDAQ: BTOG) announced an agreement with multiple qualified investors to launch a DOGE treasury reserve, with total financing of up to $500 million, including $400 million in equity financing and $100 million in convertible debt financing. The company plans to hold DOGE as a core asset for the long term and achieve long-term value enhancement through "per-share coin holding growth". The company also plans to explore new business models around DOGE, including payment applications, miner services, and ecosystem construction. Currently, the company has completed its first convertible debt financing of $15 million and will use it for the initial DOGE purchase.

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