According to Globenewswire, Nasdaq-listed Bit Origin (NASDAQ: BTOG) has announced an agreement with several qualified investors to launch a DOGE treasury reserve, with total funding of up to $500 million, including $400 million in equity financing and $100 million in convertible bond financing. The company plans to hold DOGE as a core asset for the long term, with the goal of becoming one of the world's largest publicly listed DOGE holders and achieving long-term value enhancement through "per-share coin holdings growth." Bit Origin stated that DOGE is playing an increasingly important role in peer-to-peer payments and e-commerce scenarios due to its extremely fast settlement speed, large community size, and growing merchant acceptance. The company hopes that DOGE can become an important part of Elon Musk's X platform "X Money" payment system. [ChainCatcher]