{"id":874572,"date":"2025-08-12T09:23:53","date_gmt":"2025-08-12T13:23:53","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/bit-origin-surpasses-70-million-dogecoin-doge-holdings-following-private-placement\/"},"modified":"2025-08-12T09:23:53","modified_gmt":"2025-08-12T13:23:53","slug":"bit-origin-surpasses-70-million-dogecoin-doge-holdings-following-private-placement","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bit-origin-surpasses-70-million-dogecoin-doge-holdings-following-private-placement\/","title":{"rendered":"Bit Origin Surpasses 70 Million Dogecoin (DOGE) Holdings Following Private Placement"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">SINGAPORE, Aug.  12, 2025  (GLOBE NEWSWIRE) &#8212; Bit Origin Ltd (NASDAQ: BTOG) (&#8220;Bit Origin&#8221; or the &#8220;Company&#8221;), today announced the closing of a private placement for the purchase and sale of 20 million Class A ordinary shares for aggregate gross proceeds of 30 million DOGE, at an acquisition cost of $0.2 per DOGE, to advance the Company\u2019s Dogecoin treasury.<\/p>\n<p align=\"justify\">\n        <strong>Dogecoin Treasury KPIs as of August 11, 2025:<\/strong>\n      <\/p>\n<ul>\n<li>Holdings: 70,543,745 DOGE<\/li>\n<li>Average Acquisition Cost: ~$0.2268 per DOGE<sup>1<\/sup><\/li>\n<li>Pro Forma DOGE-Per-Share (DPS): ~0.80<sup>2<\/sup><\/li>\n<\/ul>\n<p align=\"justify\">\u201cWe continue to reimagine how capital formation can align with our digital asset strategy,\u201d said Jinghai Jiang, Chairman and CEO of Bit Origin. \u201cThis DOGE-denominated private placement enhances our ability to scale DOGE holdings while driving DOGE-Per-Share.\u201d<\/p>\n<p align=\"justify\">This private placement complements Bit Origin\u2019s previously announced $500 million equity purchase and convertible note facility, which together support the Company\u2019s goal of building one of the largest Dogecoin treasuries among publicly traded companies.<\/p>\n<p align=\"justify\">\n        <sup><br \/>\n          <em>1<\/em><br \/>\n        <\/sup><br \/>\n        <em>Average <\/em><br \/>\n        <em>A<\/em><br \/>\n        <em>cquisition <\/em><br \/>\n        <em>C<\/em><br \/>\n        <em>ost is calculated by <\/em><br \/>\n        <em>dividing the <\/em><br \/>\n        <em>sum of (<\/em><br \/>\n        <em>i<\/em><br \/>\n        <em>) <\/em><br \/>\n        <em>total <\/em><br \/>\n        <em>cost of DOGE <\/em><br \/>\n        <em>acquisitions made in USD and (ii) <\/em><br \/>\n        <em>cost <\/em><br \/>\n        <em>attributed to the <\/em><br \/>\n        <em>private placement<\/em><br \/>\n        <em>, <\/em><br \/>\n        <em>by the Company\u2019s current <\/em><br \/>\n        <em>DOGE<\/em><br \/>\n        <em> holdings.<\/em>\n      <\/p>\n<p align=\"justify\">\n        <sup><br \/>\n          <em>2<\/em><br \/>\n        <\/sup><br \/>\n        <em>DOGE-Per-Share is calculated by dividing the Company\u2019s current <\/em><br \/>\n        <em>DOGE<\/em><br \/>\n        <em> holdings by the total number of Class A and Class B ordinary shares outstanding as of <\/em><br \/>\n        <em>August 11<\/em><br \/>\n        <em>,<\/em><br \/>\n        <em> 2025.<\/em>\n      <\/p>\n<p align=\"justify\">The foregoing description does not purport to be complete and is qualified in its entirety by reference to the full text of the Company\u2019s current report on Form 6-K dated August 12, 2025.<\/p>\n<p>\n        <strong><br \/>\n          <em>About Bit Origin Ltd <\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">\n        <em>Bit Origin Ltd is an emerging growth company actively deploying blockchain technologies alongside diversified expansion strategies. For more information, please visit <\/em><br \/>\n        <em><br \/>\n          <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=BOgz9U5sQZMgzgiQojVJRhsxBKmOGDLmcn60KFsQOkOTI_dHEpy9wBdIy_XWNzOUv2IsGAa6YfgDQ9SvlexKk9EE0oGsI9gu7EiuBRuhzrE=\" rel=\"nofollow\" target=\"_blank\">https:\/\/bitorigin.io<\/a><br \/>\n        <\/em><br \/>\n        <em>.<\/em>\n      <\/p>\n<p>\n        <strong><br \/>\n          <em>Safe Harbor Statement<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">\n        <em>This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as &#8220;may,&#8221; &#8220;will,&#8221; &#8220;expect,&#8221; &#8220;anticipate,&#8221; &#8220;aim,&#8221; &#8220;estimate,&#8221; &#8220;intend,&#8221; &#8220;plan,&#8221; &#8220;believe,&#8221; &#8220;potential,&#8221; &#8220;continue,&#8221; &#8220;is\/are likely to&#8221; or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.<\/em>\n      <\/p>\n<p>\n        <strong>Company Contact<\/strong>\n      <\/p>\n<p>Bit Origin Ltd <br \/>Mr. Jiang Jinghai, Chairman of the Board, CEO and COO<br \/>Email:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Qs_27i91w1ylJWpivb_v1TalWUQOslNQjXQZRyJqZC56Bp5tKyAdV4s0Y2ol-CxOUeqBMp3oPKP-xWkKowAZQ5EBf7JMx_S_UpfWGs7Ydkk=\" rel=\"nofollow\" target=\"_blank\">ir@bitorigin.io<\/a><\/p>\n<p>To keep updated on Bit Origin\u2019s news releases and SEC filings, please subscribe to email alerts at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=BOgz9U5sQZMgzgiQojVJRr_grXH2PkIUwbZ4DpuO5ev80FDOIlVgpyB4BKik96gAc1_EwhgvDBkcL9pCXG_3u1T9Leon5WBKf35ZszsYGz2qKVFvhzNq2Qj8SNOzQURj\" rel=\"nofollow\" target=\"_blank\">https:\/\/bitorigin.io\/contact<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTUxMDU5MyM3MDk0Mjc1IzIyNTM4Mjk=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ZDMwMDllZGQtN2NmYS00ODliLWI4NDMtMDc2NmZkN2UzMGY4LTEyNjUzODItMjAyNS0wOC0xMi1lbg==\/tiny\/Bit-Origin-Ltd.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE, Aug. 12, 2025 (GLOBE NEWSWIRE) &#8212; Bit Origin Ltd (NASDAQ: BTOG) (&#8220;Bit Origin&#8221; or the &#8220;Company&#8221;), today announced the closing of a private placement for the purchase and sale of 20 million Class A ordinary shares for aggregate gross proceeds of 30 million DOGE, at an acquisition cost of $0.2 per DOGE, to advance the Company\u2019s Dogecoin treasury. Dogecoin Treasury KPIs as of August 11, 2025: Holdings: 70,543,745 DOGE Average Acquisition Cost: ~$0.2268 per DOGE1 Pro Forma DOGE-Per-Share (DPS): ~0.802 \u201cWe continue to reimagine how capital formation can align with our digital asset strategy,\u201d said Jinghai Jiang, Chairman and CEO of Bit Origin. \u201cThis DOGE-denominated private placement enhances our ability to scale DOGE holdings while driving DOGE-Per-Share.\u201d This private &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bit-origin-surpasses-70-million-dogecoin-doge-holdings-following-private-placement\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Bit Origin Surpasses 70 Million Dogecoin (DOGE) Holdings Following Private Placement&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-874572","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bit Origin Surpasses 70 Million Dogecoin (DOGE) Holdings Following Private Placement - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bit-origin-surpasses-70-million-dogecoin-doge-holdings-following-private-placement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bit Origin Surpasses 70 Million Dogecoin (DOGE) Holdings Following Private Placement - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SINGAPORE, Aug. 12, 2025 (GLOBE NEWSWIRE) &#8212; Bit Origin Ltd (NASDAQ: BTOG) (&#8220;Bit Origin&#8221; or the &#8220;Company&#8221;), today announced the closing of a private placement for the purchase and sale of 20 million Class A ordinary shares for aggregate gross proceeds of 30 million DOGE, at an acquisition cost of $0.2 per DOGE, to advance the Company\u2019s Dogecoin treasury. Dogecoin Treasury KPIs as of August 11, 2025: Holdings: 70,543,745 DOGE Average Acquisition Cost: ~$0.2268 per DOGE1 Pro Forma DOGE-Per-Share (DPS): ~0.802 \u201cWe continue to reimagine how capital formation can align with our digital asset strategy,\u201d said Jinghai Jiang, Chairman and CEO of Bit Origin. \u201cThis DOGE-denominated private placement enhances our ability to scale DOGE holdings while driving DOGE-Per-Share.\u201d This private &hellip; Continue reading &quot;Bit Origin Surpasses 70 Million Dogecoin (DOGE) Holdings Following Private Placement&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/bit-origin-surpasses-70-million-dogecoin-doge-holdings-following-private-placement\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-12T13:23:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTUxMDU5MyM3MDk0Mjc1IzIyNTM4Mjk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bit-origin-surpasses-70-million-dogecoin-doge-holdings-following-private-placement\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bit-origin-surpasses-70-million-dogecoin-doge-holdings-following-private-placement\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Bit Origin Surpasses 70 Million Dogecoin (DOGE) Holdings Following Private Placement\",\"datePublished\":\"2025-08-12T13:23:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bit-origin-surpasses-70-million-dogecoin-doge-holdings-following-private-placement\\\/\"},\"wordCount\":497,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bit-origin-surpasses-70-million-dogecoin-doge-holdings-following-private-placement\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTUxMDU5MyM3MDk0Mjc1IzIyNTM4Mjk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bit-origin-surpasses-70-million-dogecoin-doge-holdings-following-private-placement\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bit-origin-surpasses-70-million-dogecoin-doge-holdings-following-private-placement\\\/\",\"name\":\"Bit Origin Surpasses 70 Million Dogecoin (DOGE) Holdings Following Private Placement - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/bit-origin-surpasses-70-million-dogecoin-doge-holdings-following-private-placement\/","og_locale":"en_US","og_type":"article","og_title":"Bit Origin Surpasses 70 Million Dogecoin (DOGE) Holdings Following Private Placement - Market Newsdesk","og_description":"SINGAPORE, Aug. 12, 2025 (GLOBE NEWSWIRE) &#8212; Bit Origin Ltd (NASDAQ: BTOG) (&#8220;Bit Origin&#8221; or the &#8220;Company&#8221;), today announced the closing of a private placement for the purchase and sale of 20 million Class A ordinary shares for aggregate gross proceeds of 30 million DOGE, at an acquisition cost of $0.2 per DOGE, to advance the Company\u2019s Dogecoin treasury. Dogecoin Treasury KPIs as of August 11, 2025: Holdings: 70,543,745 DOGE Average Acquisition Cost: ~$0.2268 per DOGE1 Pro Forma DOGE-Per-Share (DPS): ~0.802 \u201cWe continue to reimagine how capital formation can align with our digital asset strategy,\u201d said Jinghai Jiang, Chairman and CEO of Bit Origin. \u201cThis DOGE-denominated private placement enhances our ability to scale DOGE holdings while driving DOGE-Per-Share.\u201d This private &hellip; Continue reading \"Bit Origin Surpasses 70 Million Dogecoin (DOGE) Holdings Following Private Placement\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/bit-origin-surpasses-70-million-dogecoin-doge-holdings-following-private-placement\/","og_site_name":"Market Newsdesk","article_published_time":"2025-08-12T13:23:53+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTUxMDU5MyM3MDk0Mjc1IzIyNTM4Mjk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bit-origin-surpasses-70-million-dogecoin-doge-holdings-following-private-placement\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bit-origin-surpasses-70-million-dogecoin-doge-holdings-following-private-placement\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Bit Origin Surpasses 70 Million Dogecoin (DOGE) Holdings Following Private Placement","datePublished":"2025-08-12T13:23:53+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bit-origin-surpasses-70-million-dogecoin-doge-holdings-following-private-placement\/"},"wordCount":497,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bit-origin-surpasses-70-million-dogecoin-doge-holdings-following-private-placement\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTUxMDU5MyM3MDk0Mjc1IzIyNTM4Mjk=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bit-origin-surpasses-70-million-dogecoin-doge-holdings-following-private-placement\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/bit-origin-surpasses-70-million-dogecoin-doge-holdings-following-private-placement\/","name":"Bit Origin Surpasses 70 Million Dogecoin (DOGE) Holdings Following Private Placement - 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