Bit Origin Ltd plans to create a Dogecoin treasury, raising $500 million through equity and debt, marking a shift from mining to a focus on long-term Dogecoin services.
Currently, Dogecoin trades at $0.2113, showing a 3.2% increase in the past 24 hours and 14.9% over the last week, indicating bullish momentum after breaking key resistance levels.
CEO Jinghai Jiang highlights a strategic transformation in Bit Origin’s business model towards digital assets, with prospects for a ‘DOGE-per-share’ performance metric linked to DOGE’s market value.
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