Recently, Bit Origin Company (stock code: BTOG), listed on the Nasdaq exchange, announced a bold investment decision. The company invested a total of $10 million to acquire 40,543,745 DOGE at an average price of $0.2466. This move was completed less than a week after the company announced the establishment of an enterprise-level DOGE reserve.



Bit Origin revealed that they have secured up to $500 million in equity and debt financing to advance their DOGE reserve strategy. The company's management believes that the current market environment is favorable for DOGE's development towards decentralized finance. They emphasized that DOGE has good liquidity and widespread recognition globally.

It is worth noting that Bit Origin is not the only company showing strong interest in DOGE. Companies such as Neptune Digital Assets and Dogecoin Cash Inc. are also actively exploring the investment potential of DOGE.

The CEO of Bit Origin, Jiang Hai, stated that with the company's rich experience in the cryptocurrency mining field, they are optimistic about DOGE's application prospects in micro-payment scenarios. Jiang Hai believes that DOGE is nearing a critical turning point, a judgment based on two important factors: a significant increase in developer activity and a growing interest from institutional investors in tokenized assets.

This large-scale investment move has attracted widespread attention in the cryptocurrency market. Analysts point out that investments in DOGE by listed companies like Bit Origin may indicate a shift in the attitude of traditional financial institutions towards crypto assets. However, some experts also remind investors to approach such high-risk investments with caution and suggest that they should fully understand the associated risks before making investment decisions.

As more institutional investors enter the cryptocurrency market, the future development of DOGE will become even more noteworthy. Regardless, this investment by Bit Origin undoubtedly injects new momentum into the development of DOGE and brings new discussion topics to the cryptocurrency market.
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SatoshiNotNakamotovip
· 18h ago
It's starting again. Who still plays doge now?
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DefiSecurityGuardvip
· 07-22 01:50
red flags everywhere. classic institutional honeypot setup. DYOR
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OnchainDetectivevip
· 07-22 01:48
Another wave of DOGE To da moon
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SatoshiSherpavip
· 07-22 01:34
Is DOGE going to the moon again?
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CryptoMotivatorvip
· 07-22 01:33
After entering a position, you probably got the cold shoulder.
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FundingMartyrvip
· 07-22 01:25
Finally kept price low by creating resistance and got into doge?!
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