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Bit Origin Closes Private Placement For Purchase And Sale Of 20M Class A Ordinary Shares For Gross Proceeds Of 30M DOGE, At Acquisition Cost Of $0.2/DOGE, To Advance Its Dogecoin Treasury

Benzinga · 3d ago

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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 DOGE
Pro Forma DOGE-Per-Share (DPS): ~0.80

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 Dogecoin treasuries among publicly traded companies.

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