Group 1 - The top five gainers among Chinese concept stocks include LZMH (Linkage Technology Holdings) with a rise of 44.62%, BTOG (Bit Origin) up by 28.07%, ANTE (AirNet Technology) increasing by 18.99%, MSC (Melco Resorts) gaining 18.78%, and XTKG (X3 Holdings) rising by 14.77% [1] - LZMH's latest price is 3.760 with a gain of 1.160 and a trading volume of 11.88 million [1] - BTOG's latest price is 0.4270 with a gain of 0.0936 and a trading volume of 61.25 million [1] Group 2 - ANTE's latest price is 2.820 with a gain of 0.450 and a trading volume of 1.53 million [1] - MSC's latest price is 5.155 with a gain of 0.815 and a trading volume of 0.1296 million [1] - XTKG's latest price is 2.370 with a gain of 0.305 and a trading volume of 0.4721 million [1]

Core Viewpoint - Bit Origin Ltd has successfully completed a reduction of its issued share capital, enhancing its flexibility for future corporate actions and potential capital raises [1][4]. Group 1: Share Capital Reduction Details - The Grand Court of the Cayman Islands confirmed the Company's special resolution to reduce the par value of each issued and authorized share from US$0.30 to US$0.000001 [2]. - Following the reduction, the authorized share capital is US$500, divided into 500,000,000 ordinary shares with a par value of US$0.000001 each, including 475,000,000 Class A Ordinary Shares and 25,000,000 Class B Ordinary Shares [3]. - All issued shares remain fully paid up, and the Share Capital Reduction was registered by the Cayman Islands Registrar of Companies on July 25, 2025 [3]. Group 2: Management Commentary - Mr. Jinghai Jiang, Chairman and CEO, stated that the completion of the share capital reduction provides increased flexibility for executing future corporate actions, including potential capital raises and strategic transactions [4].

Core Viewpoint - The majority of Bitcoin-related stocks experienced an upward trend on Monday, indicating positive market sentiment towards the cryptocurrency sector [1] Company Performance - Coinbase (COIN.US) saw an increase of 0.58% - Strategy (MSTR.US) rose by over 2.4% - Bit Origin (BTOG.US) increased by more than 5.7% - SharpLink Gaming (SBET.US) surged by over 12% - GameSquare (GAME.US) jumped by over 13% - Circle (CRCL.US) declined by more than 4% [1]

Core Viewpoint - The majority of Bitcoin-related stocks experienced an upward trend on Monday, indicating positive market sentiment towards the cryptocurrency sector [1] Company Performance - Coinbase (COIN.US) saw an increase of 0.58% [1] - MicroStrategy (MSTR.US) rose by over 2.4% [1] - Bit Origin (BTOG.US) increased by over 5.7% [1] - SharpLink Gaming (SBET.US) surged by over 12% [1] - GameSquare (GAME.US) jumped by over 13% [1] - Circle (CRCL.US) declined by over 4% [1]

Core Viewpoint - The cryptocurrency-related stocks in the U.S. market experienced a significant surge, with notable increases in share prices for several companies [1] Group 1: Stock Performance - GLXY saw an increase of over 12% [1] - BTOG and BTCS both rose by more than 9% [1] - Trump Media & Technology Group experienced a rise of over 7%, marking its largest increase since April 23 [1]

Core Insights - Bit Origin Ltd has made an initial purchase of approximately 40.5 million DOGE as part of its digital asset treasury initiative, supported by capital facilities of up to $500 million [1][2]. Company Overview - Bit Origin Ltd is an emerging growth company based in the United States, engaged in cryptocurrency mining and actively deploying blockchain technologies alongside diversified expansion strategies [3]. Dogecoin Treasury KPIs - The average acquisition cost for DOGE is approximately $0.2466 per DOGE, with an initial DOGE-Per-Share (DPS) of around 0.691 [5]. - The company recognizes the potential of Dogecoin for micropayments, driven by renewed developer activity and institutional interest in tokenization [2].

Financial Highlights - Bit Origin (BTOG) plans to raise $400 million in equity and $100 million in convertible debt [1] Market Reaction - BTOG stock increased by 30% to $043, resulting in a $23 million market capitalization [1] Strategic Initiatives - Bit Origin (BTOG) intends to use the raised capital to purchase Dogecoin (DOGE) [1]

Nasdaq-listed Bit Origin announces Dogecoin treasury strategy, planning to raise up to $500M through $400M equity financing and $100M convertible bonds to accumulate DOGE assets long-term, becoming one of the first public companies with Dogecoin as a core asset. Bit Origin has completed an initial $15M financing tranche, with part of the funds allocated for the first round of DOGE purchases. https://t.co/KU04nQ8WAb ...

🔥 JUST IN: Bit Origin (NASDAQ: BTOG) to raise up to $500M ($400M in stock sales + $100M in convertible debt) to buy Dogecoin, making it the first U.S.-listed company to adopt $DOGE as a core treasury asset. https://t.co/CAsd6kcJ1w ...

Core Insights - Bit Origin Ltd has announced a strategy to accumulate Dogecoin as a core asset, aiming to raise up to $400 million in Class A ordinary shares and $100 million in convertible debt to support this initiative [2][3] - The CEO of Bit Origin, Jinghai Jiang, emphasized the transition from mining infrastructure to engaging directly with digital assets, highlighting Dogecoin's utility in payments and its growing adoption [3][7] - The company has completed an initial closing of $15 million under the convertible debt facility, with plans to use a significant portion for Dogecoin acquisition [4] Company Strategy - Bit Origin aims to become one of the largest publicly traded holders of Dogecoin, with a strategy focused on delivering long-term value through increasing Doge-per-share [7] - The company plans to explore miner-facing services, payment applications, and other operations within the Dogecoin ecosystem, reflecting its belief in the network's grassroots strength and utility [3][7] - The accumulation of Dogecoin is seen as a natural fit for potential integrations into payment layers, such as X Money, as envisioned by Elon Musk [3][7] Financial Details - The total amount targeted for raising funds is $500 million, comprising $400 million in equity and $100 million in convertible debt [2] - The initial closing of $15 million under the convertible debt facility has been completed, with Chardan acting as the placement agent [4]