Bit Origin’s $10M DOGE Buy Sparks Crypto Treasury Shift

Bit Origin buys 40.5 M DOGE (~$10M) in its first crypto treasury move, betting on Dogecoin's micropayment use and DeFi upside.

Ava NakamuraJuly 22, 2025 - 11:00 AM

Memecoin

Bit Origin acquires 40,543,745 DOGE (~$10M) for its treasury strategy
DOGE‑per‑share stands at ~0.69; acquisition avg. cost $0.2466/DOGE
Firm targets Dogecoin’s micropayment utility and DeFi evolution

Nasdaq‑listed Bit Origin (NASDAQ: BTOG) has taken its first step into the crypto treasury space by purchasing 40,543,745 DOGE, worth approximately $10 million. This move marks a significant milestone in the company’s strategy to hold digital assets as part of its balance sheet.

The acquisition reflects Bit Origin’s belief in the future utility of Dogecoin, not just as a meme coin, but as a tool for micropayments and decentralized finance (DeFi) use cases.

Treasury Metrics & Market Reaction

According to Bit Origin, the average acquisition price for the DOGE was $0.2466, and the company’s DOGE-per-share (DPS) now sits at around 0.691. This metric is designed to help investors track the value of the company’s holdings in real time.

Following the announcement, Bit Origin’s stock saw a sharp rise in pre-market trading, signaling strong investor interest in the company’s bold treasury shift.

🚨 LATEST: Nasdaq-listed Bit Origin bought 40,543,745 $DOGE worth approximately $10M, marking its first purchase for its treasury strategy. pic.twitter.com/IEKugEa70I
— Cointelegraph (@Cointelegraph) July 22, 2025

Why Dogecoin?

CEO Jinghai Jiang emphasized Dogecoin’s growing relevance in the crypto world, especially as a low-fee, fast, and accessible option for daily transactions. He believes DOGE is reaching a tipping point in terms of utility and adoption, particularly for micropayment services.

With this acquisition, Bit Origin becomes the first U.S.-listed public company to add Dogecoin to its corporate treasury. It also sends a strong message to the market about Dogecoin’s evolving role in the broader crypto economy.

This move is part of a broader transformation for Bit Origin as it diversifies beyond its core mining business. Backed by capital access through equity and debt lines, the company plans to explore more digital asset investments in the future.

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