China -based pork processing and Bitco Miner Bit Origin has started the Crypto Treasury initiative at the Crypto Treasury initiative with the first acquisition of 40.5 million Dogcoin.
In a statement on Monday He said Buy Dogecoin (DOGE) was the “first strategic acquisition” under the Digital Assets initiative, with the support of the sale of stocks and debt offers aimed at raising $ 500 million.
At an average price of 0.24 dollars per coin, Origin could have spent about $ 9.9 million on the last Dogoin acquisition. The distinctive symbol is currently trading at $ 0.26, According to To Nansen.
It is worth noting that Origen Bit has relationships with a lipid -related mining company in China, who had to evacuate a property in Wyoming after an order from the White House.
Bit Origin joined the Limited with Mineone Partners Limited in 2022 to operate the Cheyenne Cheleenne and Wymanne, providing strategic and operational support. China -related TV mining was forced to leave the property in 2024 due to its proximity to the nuclear missile base.
before Join In 2021, Bit Origin was as CEO of Operations and CEO, Jinghai Jiang, Director of Mineone Partners Limited.
Bit Origin CEO says
Dogecoin was launched in 2013 by Billy Marcus and Jackson Palmer’s software as a joke system that puts a Wild Crypto speculation at the time, but it has since rose to be the eighth cryptocurrency in the market.
Jiang said that the origin of the bit Docain adopts its treasury on other cryptocurrencies because it sees “interest potential for careful defense is about to be close to the turning point, driven by the activity of the renewed developer and the broader institutional interest in the distinctive symbol.”
“While we embrace its cultural origins, which helped to push liquidity and global familiarity, we believe that the current market conditions are in line with the development of Dogecoin towards decentralized financing.”
Food company heading towards encryption
On July 17, Bit Origin concluded agreements with investors to sell up to $ 400 million of shares and up to $ 100 million of transferred debts to finance the Dogecoin Treasury strategy.
Jiang He said In a statement at the time, “Bit origin develops beyond the mining infrastructure to participate directly in the value and benefit of digital assets.”
Bit Origin was launched in 2019 such as Food China Xiangtai and was mainly working in pork processing, including slaughtering, packing, distribution and sentence.
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However, in December 2021, the company Declare I bought 742 Bitcoin’s first -class mines as part of the encryption axis Change Her name to the original bit in 2022.
As of 2025, pork processing is not mentioned in the company’s profile anymore.
Dokwin’s largest holders
Dogecoin is currently largely deviant towards whale holders. Data from Crypto Tracker Bitinfocharts He appears More than 81 % of Dogoins supply is kept between 908 addresses.
One title includes more than 28 billion, while the 14 largest governorates are more than 43 billion. Exolix exchange encryption He said In March, a Robinhood brokerage portfolio has 28 billion symbols.
While the unknown owner is the second largest pregnant woman with 8.90 billion Dukwin, the exchange of Crypto Binance is the third pregnant in 7.65 billion.
By comparison, approximately 82 % of Bitcoin (BTC) is held between 152,002 portfolio addresses, According to To bitinfocharts.
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The post Bit Origin Buys 40 Million Dogecoin As Part of Crypto Pivot first appeared on Investorempires.com.
