Bit Origin, a Nasdaq-listed company trading under the ticker BTOG, 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 corporate Dogecoin (DOGE) treasury in the United States. The company aims to become the largest publicly traded holder of Dogecoin by acquiring the cryptocurrency as a core treasury asset. Bit Origin has already begun purchasing DOGE, acquiring over 40 million coins, with initial purchases valued at around $10 million. The strategy reflects the company's belief in Dogecoin's utility as a fast and low-fee payments asset and its potential integration with the emerging X Money network. Following the announcement, BTOG shares have surged significantly, rising from $0.16 to over $1.00 within a short period, marking an increase of approximately 386% in July. This move positions Bit Origin as a pioneer in adopting memecoin assets at a corporate treasury level, drawing comparisons to MicroStrategy's Bitcoin treasury strategy.