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

SINGAPORE, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Bit Origin Ltd (NASDAQ:BTOG) ("Bit Origin" or the "Company"), today announced the closing of a private placement for the purchase and sale of 20 million Class A ordinary shares for aggregate gross proceeds of 30 million DOGE, at an acquisition cost of $0.2 per DOGE, to advance the Company's Dogecoin treasury.

Dogecoin Treasury KPIs as of August 11, 2025:

Holdings: 70,543,745 DOGE

Average Acquisition Cost: ~$0.2268 per DOGE1

Pro Forma DOGE-Per-Share (DPS): ~0.802

"We continue to reimagine how capital formation can align with our digital asset strategy," said Jinghai Jiang, Chairman and CEO of Bit Origin. "This DOGE-denominated private placement enhances our ability to scale DOGE holdings while driving DOGE-Per-Share."

This private placement complements Bit Origin's previously announced $500 million equity purchase and convertible note facility, which together support the Company's goal of building one of the largest ...