PANews reported on July 17 that according to Globenewswire, Nasdaq-listed Bit Origin (NASDAQ: BTOG) announced that it had reached an agreement with several qualified investors to start the DOGE treasury reserve, with a total financing of up to US$500 million, including US$400 million in equity financing and US$100 million in convertible bond financing. The company plans to hold DOGE as a core asset for a long time and achieve long-term value enhancement through "increase in the amount of currency held per share". The company also plans to explore new businesses such as payment applications, miner services, and ecological construction around DOGE. At present, the company has completed the first convertible bond financing of US$15 million, which will be used for the first batch of DOGE purchases.