Bit Origin Plans to Launch DOGE Treasury Reserve, Has Secured $500 Million in Equity and Debt Financing
Nasdaq-listed mining company Bit Origin announced that it has reached an agreement with qualified investors to sell up to $400 million of Class A common stock and up to $100 million of convertible bonds. The $500 million raised will be used to launch a Dogecoin $DOGE treasury reserve. The company said that $DOGE may be included in payment scenarios in the future (such as X Money). [Foresight News]
Bit Origin Plans to Launch DOGE Treasury Reserve, Has Secured $500 Million in Equity and Debt Financing
Nasdaq-listed mining company Bit Origin announced that it has reached an agreement with qualified investors to sell up to $400 million of Class A common stock and up to $100 million of convertible bonds. The $500 million raised will be used to launch a Dogecoin DOGE treasury reserve. The company said that DOGE may be included in payment scenarios in the future (such as X Money). [Foresight News]
