Bit Origin Surpasses 70 Million Dogecoin (DOGE) Holdings Following Private Placement

Core Viewpoint - Bit Origin Ltd has successfully closed a private placement for 20 million Class A ordinary shares, raising a total of 30 million DOGE, aimed at enhancing its Dogecoin treasury [1][2]. Group 1: Private Placement Details - The private placement was executed at an acquisition cost of $0.2 per DOGE, which aligns with the company's strategy to scale its DOGE holdings [1][2]. - This initiative is part of a broader plan that includes a previously announced $500 million equity purchase and convertible note facility, positioning Bit Origin to build one of the largest Dogecoin treasuries among publicly traded companies [2]. Group 2: Financial Metrics - As of August 11, 2025, Bit Origin holds 70,543,745 DOGE, with an average acquisition cost of approximately $0.2268 per DOGE [7]. - The Pro Forma DOGE-Per-Share (DPS) is estimated to be around 0.80, calculated by dividing the company's current DOGE holdings by the total number of Class A and Class B ordinary shares outstanding [3][7].