Bit Origin, formerly a China-based pork processor, has officially launched its cryptocurrency treasury strategy with the acquisition of 40.5 million Dogecoin, signaling a significant shift in its business focus.

Bit Origin以前是中国的猪肉处理器，已通过收购4050万个Dogecoin正式启动其加密货币国库策略，这表明其业务重点发生了重大转变。

The company announced the purchase on Monday, characterizing it as the "first strategic acquisition" under its digital asset treasury initiative. This initiative is funded through a share sale and debt offering, aiming to raise $500 million.

该公司周一宣布了这项购买，将其描述为其数字资产财政计划下的“首次战略收购”。该倡议是通过股票出售和债务提供的资金，旨在筹集5亿美元。

At an average purchase price of $0.24 per Dogecoin, Bit Origin invested nearly $9.9 million in the acquisition. According to CoinMarketCap, the popular memecoin is currently trading at $0.26. This move reflects Bit Origin's broader efforts to expand its presence in the crypto ecosystem beyond mining infrastructure, directly engaging with the value and utility of digital assets.

Bit Origin的平均购买价为0.24美元，在收购中投资了近990万美元。根据CoinMarketCap的数据，流行的Memecoin目前的交易价格为0.26美元。这一举动反映了Bit Origin的更广泛的努力，以扩大其在加密生态系统中的存在，而不是采矿基础设施，直接与数字资产的价值和实用性相关。

From Pork to Crypto

从猪肉到加密

Initially established in 2019 as China Xiangtai Food, Bit Origin focused on pork processing, including slaughtering, packing, and wholesale distribution. In December 2021, the company began its transition by acquiring 742 first-tier Bitcoin miners. This shift culminated in a rebranding to Bit Origin in 2022, reflecting its commitment to the crypto sector.

最初成立于2019年，当时是中国江泰食品，其起源于猪肉加工，包括屠杀，包装和批发分销。 2021年12月，该公司通过收购742个一级比特币矿工开始过渡。这一转变最终导致了2022年的重新品牌重塑，反映了其对加密货币部门的承诺。

In 2022, Bit Origin collaborated with MineOne Partners Limited to operate a mining facility in Cheyenne, Wyoming, providing operational and strategic support. However, in 2024, the China-linked mining firm was required to vacate the property following an order from the White House due to its proximity to a nuclear missile base.

2022年，BIT Origin与MineOne Partners有限公司合作，在怀俄明州夏安（Cheyenne）经营一家采矿设施，提供运营和战略支持。但是，在2024年，这家与中国联系的采矿公司被要求在白宫从白宫的命令下撤离该物业，因为它靠近核导弹基地。

Bit Origin’s CEO, Jinghai Jiang, who joined in 2021, previously held a director position at MineOne Partners, illustrating the operational connections between the two companies.

Bit Origin的首席执行官Jinghai Jiang于2021年加入，此前曾在MineOne Partners担任董事职位，说明了两家公司之间的运营联系。

As of 2025, Bit Origin’s company profile no longer mentions pork processing, demonstrating its complete dedication to the cryptocurrency industry.

截至2025年，BIT Origin的公司个人资料不再提及猪肉加工，这表明了其对加密货币行业的全部奉献精神。

The Strategic Role of Dogecoin

Dogecoin的战略角色

Dogecoin, created in 2013 by software engineers Billy Markus and Jackson Palmer as a lighthearted payment system, has evolved into the eighth-largest cryptocurrency by market capitalization. Bit Origin’s CEO Jiang stated that the decision to incorporate Dogecoin into its treasury was based on the token approaching an "inflection point" for micropayments, driven by renewed developer interest and increasing institutional momentum toward tokenization.

Dogecoin是由软件工程师Billy Markus和Jackson Palmer创建的，作为一种轻松的支付系统，已通过市值发展成为第八大加密货币。 BIT Origin的首席执行官江说，将Dogecoin纳入国库的决定是基于令牌，该令牌接近了微付款人的“拐点”，这是在新的开发人员的兴趣和增加机构势头驱动的驱动下的。

“While we embrace Dogecoin’s cultural origins, which have driven liquidity and familiarity, we believe the current market environment aligns with meme coin’s evolution toward decentralized finance,” Jiang said.

江说：“尽管我们拥抱了狗狗的文化渊源，这些文化起源驱动了流动性和熟悉程度，但我们相信当前的市场环境与Meme Coin对分散融资的发展相吻合。”

Bit Origin recently entered agreements to sell up to $400 million in shares and $100 million in convertible debt to fund its Dogecoin treasury initiative. This strategic move also positions Bit Origin within a changing crypto landscape where significant memecoin holders include wallets associated with Robinhood and Binance.

Bit Origin最近签订了协议，以出售高达4亿美元的股票和1亿美元的可转换债务，以资助其Dogecoin国库倡议。这一战略举动还将位起源定位在不断变化的加密景观中，其中大量的纪念持有人包括与洛式和binance相关的钱包。