Nasdaq-listed company Bit Origin Ltd announced on July 17, 2025, that it has secured $500 million in financing to create a corporate treasury reserve exclusively for Dogecoin (DOGE). The funding, raised through equity and convertible bond debt, marks the first major institutional move of its kind for the meme cryptocurrency.
Chairman Jiang Jinghai confirmed the strategic initiative, stating: "Bit Origin aims to become one of the largest publicly traded Dogecoin holders" while emphasizing plans to increase DOGE-per-share value long-term. An initial $15 million tranche will fund immediate DOGE purchases, with the full amount deployed progressively.
The company intends to integrate DOGE into payment systems through partnerships like X Money, mirroring MicroStrategy's Bitcoin accumulation strategy. This unprecedented corporate endorsement signals potential institutional traction for Dogecoin, though major exchanges haven't yet adjusted DOGE-related products. Regulatory bodies and industry experts remain silent, leaving market implications uncertain despite Bit Origin's confidence in DOGE as a reserve asset.