Bit Origin Invests 40.5M DOGE to Establish New Meme Coin Treasury Backed by $500 Million Capital Facility

Bit Origin has strategically acquired 40.5 million Dogecoin to establish a novel meme coin treasury, backed by substantial capital resources.

The company is now monitoring its Dogecoin holdings using a per-share metric, offering clear visibility into its treasury exposure.

Following the Dogecoin announcement, Bit Origin shares experienced a surge of over 90%, demonstrating robust investor confidence.

Bit Origin officially confirmed the purchase of approximately 40.5 million Dogecoin tokens on July 21st. This acquisition bolsters its initiative to develop a dedicated meme coin treasury. The transaction occurred shortly after the company revealed its plans to diversify beyond Bitcoin. Bit Origin reported an average acquisition cost of $0.2466 per DOGE.

The firm has stated it has access to $500 million in capital through equity and debt. These funds will support its treasury initiative. With this acquisition, Dogecoin became the foundation of Bit Origin’s new digital asset strategy.

Institutional Strategy Behind the Move

Bit Origin is positioning Dogecoin as a fundamental component of its long-term asset base. This decision reflects the increasing institutional interest in alternative tokens. The company intends to capitalize on the growing demand for decentralized finance solutions.

Prevailing market conditions and developer engagement are fueling this transition. Bit Origin emphasized Dogecoin’s utility in micropayments and digital transactions. The firm is also closely monitoring developments related to X Money, a payments platform linked to the X ecosystem.

By tracking holdings through a DOGE-per-share metric, the company is enhancing transparency. It reported a DOGE-per-share ratio of 0.691. This allows investors to monitor treasury exposure more easily.

Share Performance and Market Reaction

In the wake of the announcement, Bit Origin’s shares soared by over 90%. The trading surge signifies strong market endorsement of the company’s strategy. Since the beginning of July, shares have risen by more than 386%.

The recent acquisition was valued at approximately $10 million. Dogecoin also experienced price appreciation, climbing 39% to $0.2677 in the past week. This increase followed a 71% gain over the preceding month.

These developments place Bit Origin alongside other companies adopting DOGE treasuries, including Neptune Digital Assets and Dogecoin Cash Inc., in integrating meme coins into their corporate strategies.

Focus on Diversification and Blockchain Utility

Bit Origin has historically concentrated on Bitcoin mining infrastructure. This move represents a significant step toward diversification. The company now aims to incorporate a wider range of blockchain applications.

Dogecoin’s utility and liquidity are contributing factors to this decision. The company recognizes the potential in its brand recognition and user adoption. Increased developer contributions may further expand the coin’s real-world functionality.

The company plans to continue exploring cryptocurrencies beyond Bitcoin. Its current capital access and market momentum support this plan. This move illustrates a shifting perspective on meme coins within institutional portfolios.