TLDR
- Bit Origin raises $500M to buy Dogecoin, boosting DOGE price by 6% and trading volume by 96%.
- Bit Origin’s Dogecoin Treasury aims to become a top holder, increasing shareholder value with more DOGE per share.
- DOGE futures surge with a 12.7% rise in open interest following Bit Origin’s treasury announcement.
- Bit Origin shifts focus to Dogecoin, positioning itself as a key player in the digital asset ecosystem.
Bit Origin Ltd., a Nasdaq-listed cryptocurrency company, has successfully raised $500 million to establish a Dogecoin Treasury. The move comes as part of the company’s shift in business strategy, aiming to enhance its role in the digital asset space. This announcement has positively impacted the price of Dogecoin (DOGE), boosting it by 6%. It also saw an increase in market derivatives activity, including futures trading.
Bit Origin’s $500M Funding and Strategy Shift
Bit Origin, a company previously focused on cryptocurrency mining, is shifting its strategy to focus on the value creation and utility of digital assets. With a goal of becoming the first publicly listed company on a major U.S. exchange to own a Dogecoin Treasury, Bit Origin plans to use its $400 million equity and $100 million in convertible debt to purchase Dogecoin.
The company aims to support the growth of the Dogecoin ecosystem and become one of the largest public holders of the cryptocurrency.
CEO Jinghai Jiang sees Dogecoin’s fast transaction speeds and strong community as key factors for its future in peer-to-peer payments.
Bit Origin has secured $500M to create the first $DOGE treasury strategy.
What do you think, are memecoin treasury companies a step too far? 🤔 pic.twitter.com/x8nhkjJpEQ
— Satoshi Stacker (@StackerSatoshi) July 17, 2025
He believes Dogecoin will play a major role in global transactions, especially with the upcoming launch of Elon Musk’s X Money platform, which is expected to integrate digital payments and banking features.
Through its Dogecoin Treasury, Bit Origin aims to increase shareholder value by accumulating more DOGE per share over time. The company has already secured $15 million in funding for its first Dogecoin purchases, signaling the beginning of its new business approach.
Dogecoin Price Jumps 6% Following Bit Origin’s Treasury Announcement
Following Bit Origin’s announcement of its Dogecoin Treasury, DOGE’s price surged by 6.01%, reaching $0.231. The news of the company raising $500 million to acquire and hold Dogecoin sparked optimism among investors, driving up trading volume by more than 96%.
This increase in trading activity reflects the market’s positive reaction to Bit Origin’s plans, boosting confidence in the cryptocurrency’s future.
The surge in price has been accompanied by a significant rise in futures market activity. Open interest in Dogecoin futures increased by 12.7% in just one day, showing a growing belief among traders that Dogecoin’s value will continue to climb.
Futures trading volume surpassed $1.48 billion earlier this month, marking a record high and signaling strong participation from both institutional and retail traders.
Additionally, the perpetual funding rates for DOGE futures flipped positive, further indicating a bullish outlook. Traders are placing leveraged bets on Dogecoin’s price increase, with many expecting the momentum to continue.
The combination of rising open interest, increased trading volume, and positive funding rates highlights the market’s heightened confidence in DOGE’s potential.
Potential Long-Term Effects for Dogecoin and Bit Origin
Bit Origin’s initiative to acquire a large amount of Dogecoin through its new treasury could have long-term effects on the market. If the company succeeds in accumulating a substantial portion of the total Dogecoin supply, it could influence both the price and the broader adoption of the meme coin.
Moreover, Bit Origin plans to expand its services to include tools for miners, payment applications, and other operations supporting Dogecoin use. These services aim to build infrastructure around Dogecoin, helping to increase its utility. As the company becomes a key player in the Dogecoin ecosystem, its efforts could significantly contribute to the coin’s overall growth.
For Bit Origin, the Dogecoin Treasury represents an important strategic shift. While it had previously focused on crypto mining, its new direction could position it as a major player in the digital asset space. The $500 million raised will allow the company to compete with other crypto firms in establishing a strong foothold in the Dogecoin ecosystem.
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