Bit Origin, a Nasdaq-listed company trading under the ticker BTOG, has announced plans to raise up to $500 million through a combination of $400 million in equity financing and $100 million in convertible debt to establish the first corporate treasury dedicated to Dogecoin (DOGE). This move positions Bit Origin as the first U.S.-listed company to adopt Dogecoin as a core treasury asset, following a trend of corporate treasuries diversifying beyond traditional assets like T-bills and cash. The company has already acquired over 40 million Dogecoin tokens, valued at approximately $10 million, as an initial step in implementing its treasury strategy. Bit Origin aims to become the largest publicly traded holder of Dogecoin, emphasizing DOGE's utility as a fast and low-fee payment asset and its strong community support. The announcement has led to a significant increase in Bit Origin's stock price, which rose by 386% in July, reaching $0.78 per share from $0.16. The company's leadership views Dogecoin not merely as a meme coin but as a viable financial instrument with potential integration into broader payment systems.