Bit Origin rights issue receives US$500 million in equity and debt financing to launch DOGE treasury reserves
According to online reports, Nasdaq-listed mining company Bit Origin announced that it has reached an agreement with qualified investors to sell up to US$400 million in Class A common stock and up to US$100 million in convertible bonds. The US$500 million raised will be used to launch the dog coin DOGE treasury reserve. Bit Origin is expected to become the largest listed company with DOGE holdings to date. The company said that DOGE may be included in payment scenarios in the future (such as X Money).
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