Bit Origin (NASDAQ: BTOG), a Nasdaq-listed company, has announced plans to raise up to $500 million through $400 million in equity financing and $100 million in convertible debt to establish the first Dogecoin (DOGE) treasury among U.S.-listed companies. This move positions Bit Origin as one of the first public companies to adopt Dogecoin as a core treasury asset, reflecting a broader trend of corporate altcoin investments. The company aims to accumulate DOGE assets long-term, citing Dogecoin's utility, fast and low-fee payment capabilities, strong community support, and potential integration with the X Money platform. Following the announcement, BTOG shares experienced a notable price increase, rising from around $0.20 to over $1.00 within days, marking a gain of approximately 400%. Market observers note the stock's consolidation after this rapid run-up. Bit Origin's strategy follows similar $500 million treasury initiatives by other companies focusing on Bitcoin, such as Automotive Design (NASDAQ: ECDA), which secured funding for a Bitcoin treasury. The emergence of memecoin treasury companies like Bit Origin highlights evolving corporate approaches to cryptocurrency holdings and treasury management.