Bit Origin secures $500 million equity and debt facilities to launch Dogecoin treasury

5 hours ago 1

Bit Origin (NASDAQ:BTOG) announced on Thursday that it has entered into agreements with accredited investors for the sale of up to $400 million in Class A ordinary shares and up to $100 million in convertible debt to launch the company’s Dogecoin treasury strategy.
The company has completed an initial closing of $15 million under the convertible debt facility and intends to use a significant portion of the proceeds for its initial Dogecoin acquisition.
BTOG +27.78% premarket to $0.424.
Source: Press Release

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