Bit Origin Adds 40.5M DOGE to Treasury, Launches $500M Digital Asset Strategy
The post Bit Origin Adds 40.5M DOGE to Treasury, Launches $500M Digital Asset Strategy appeared on BitcoinEthereumNews.com. TLDR: Bit Origin buys 40.5M DOGE at $0.2466 as part of a treasury shift. DOGE-per-share now stands at 0.691 following the company’s latest holdings. CEO sees DOGE’s utility growing in micro-transactions and tokenized finance. Analysts expect DOGE to test resistance between $0.293 and $0.36. Bit Origin Ltd has made its first big move into digital assets. The company just added over 40 million Dogecoin to its treasury. Backed by a $500 million capital facility, this step marks the start of its new asset strategy. The acquisition comes as Dogecoin’s price gains traction and market interest picks up. With this buy-in, Bit Origin signals a deeper commitment to crypto assets beyond mining. Bit Origin Bets on DOGE for Future Utility On July 21, Bit Origin confirmed it acquired 40.5 million DOGE, valued at an average of $0.2466 per coin. According to company filings, this move represents the first in a series of digital asset purchases planned under its treasury strategy. CEO Jinghai Jiang said the company sees growing use cases for Dogecoin, especially in micro-transactions. He pointed to increasing developer activity and rising institutional attention around tokenized finance. Bit Origin’s DOGE-per-share ratio now stands at roughly 0.691, based on current holdings and share count. The timing of Bit Origin’s DOGE purchase aligns with bullish market behavior. Over the past week, Dogecoin has jumped 39.47%, though it recently dipped 2.91% to trade at $0.2669, according to CoinGecko. Crypto analyst Ali noted that Dogecoin still has room to grow, eyeing the next key resistance at $0.36. Another analyst, Zen, pointed to a strong weekly fair value gap between $0.293 and $0.334. These levels could act as a pivot point for future gains or consolidation. Dogecoin $DOGE has a lot of room to go up as the next major resistance barrier is $0.36! pic.twitter.com/1klZiaDkUk…
The post Bit Origin Adds 40.5M DOGE to Treasury, Launches $500M Digital Asset Strategy appeared on BitcoinEthereumNews.com.
TLDR: Bit Origin buys 40.5M DOGE at $0.2466 as part of a treasury shift. DOGE-per-share now stands at 0.691 following the company’s latest holdings. CEO sees DOGE’s utility growing in micro-transactions and tokenized finance. Analysts expect DOGE to test resistance between $0.293 and $0.36. Bit Origin Ltd has made its first big move into digital assets. The company just added over 40 million Dogecoin to its treasury. Backed by a $500 million capital facility, this step marks the start of its new asset strategy. The acquisition comes as Dogecoin’s price gains traction and market interest picks up. With this buy-in, Bit Origin signals a deeper commitment to crypto assets beyond mining. Bit Origin Bets on DOGE for Future Utility On July 21, Bit Origin confirmed it acquired 40.5 million DOGE, valued at an average of $0.2466 per coin. According to company filings, this move represents the first in a series of digital asset purchases planned under its treasury strategy. CEO Jinghai Jiang said the company sees growing use cases for Dogecoin, especially in micro-transactions. He pointed to increasing developer activity and rising institutional attention around tokenized finance. Bit Origin’s DOGE-per-share ratio now stands at roughly 0.691, based on current holdings and share count. The timing of Bit Origin’s DOGE purchase aligns with bullish market behavior. Over the past week, Dogecoin has jumped 39.47%, though it recently dipped 2.91% to trade at $0.2669, according to CoinGecko. Crypto analyst Ali noted that Dogecoin still has room to grow, eyeing the next key resistance at $0.36. Another analyst, Zen, pointed to a strong weekly fair value gap between $0.293 and $0.334. These levels could act as a pivot point for future gains or consolidation. Dogecoin $DOGE has a lot of room to go up as the next major resistance barrier is $0.36! pic.twitter.com/1klZiaDkUk…
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