Picture of the author

ZUBI

07/18 11:27

Doge News: NASDAQ-Listed Bit Origin Secures $500M

Doge News: NASDAQ-Listed Bit Origin Secures $500M to Establish Dogecoin Treasury StrategyDogecoin-Price-Prediction-2025–2031-Can-DOGE-Finally-Hit-1-768x432.jpg

  • Bit Origin plans to raise $500M in equity and debt to build the first Dogecoin treasury. 
  • Nasdaq-listed crypto miner Bit Origin shifts focus to Dogecoin for payments use.
  • Bit Origin shares rose 28% after unveiling its treasury plan as Dogecoin’s price surged. 

Bit Origin Ltd (NASDAQ: BTOG) announced on Thursday that it had signed agreements with accredited investors to raise a total of $500 million for a Dogecoin-backed treasury. The funds will include $400 million in equity financing and $100 million in convertible debt.

The crypto mining company based in Singapore also announced that it has already completed a $15 million closing under the debt facility. Bit Origin said that Chardan was the placement agent in the debt facility offered through ATW Partners.

#Claim1,200 USDT in the Monthly Creation Challenge#Do you think Tanssi is promising? #Do you think ANIME is promising?#BTC price hits a new high of $120,000!
1Поділитися

Усі коментарі0НовіПопулярно

avatar
НовіПопулярно