TLDR
- BitOrigin has purchased 40.5 million Dogecoin worth approximately $10 million.
- This marks the first step in the company’s $500 million Dogecoin Treasury plan.
- BitOrigin aims to become a leading institutional holder of Dogecoin on Nasdaq.
- The company reported an average purchase price of $0.2466 per DOGE token.
- BitOrigin’s DOGE-per-share ratio stands at approximately 0.691 based on its current share structure.
BitOrigin has launched the first phase of its digital asset strategy by purchasing 40.5 million Dogecoin worth $10 million. The company has earmarked $500 million for its Dogecoin Treasury, positioning itself as a major institutional holder. Market analysts are now monitoring Dogecoin’s momentum as technical signals hint at a potential breakout cycle.
BitOrigin Initiates First Phase of Dogecoin Treasury Strategy
BitOrigin completed the acquisition of 40.5 million Dogecoin as part of its larger $500 million Dogecoin Treasury plan. The company confirmed the average purchase price at approximately $0.2466 per token during this initial phase. This move gives BitOrigin an estimated DOGE-per-share ratio of 0.691 based on its current structure.
The purchase aligns with BitOrigin’s focus on proof-of-work ecosystems and aims to enhance its exposure to digital assets. CEO Jinghai Jiang stated the initiative stems from mining experience and market dynamics rather than speculative intent. The company plans to increase its holdings gradually if market conditions remain favorable.
With this development, BitOrigin may become the first Nasdaq-listed firm focused on a Dogecoin Treasury model. The strategic shift mirrors a broader institutional trend as companies add crypto assets to their balance sheets. BitOrigin now joins peers like MicroStrategy and Metaplanet in allocating capital to cryptocurrencies.
Analysts Highlight Breakout Signals for Dogecoin
Dogecoin has broken a long-standing resistance level on its daily chart, catching the attention of traders and analysts alike. Technical indicators such as RSI continue to show strength without any bearish divergence in the current setup. These signals suggest renewed confidence as institutional interest in the token grows.
Analyst GalaxyBTC believes the current phase could mark the start of a new Dogecoin cycle supported by increasing capital inflow. Trader Tardigrade notes that a pullback to $0.25 could establish support before another upward movement. If momentum persists, this potential rally may reach targets near $0.31 or even $0.42.
We are about to enter a new $DOGE cycle.
Let's see where the dog can go. pic.twitter.com/1JYo7r9RUx
— Galaxy (@galaxyBTC) July 22, 2025
Institutional involvement, led by BitOrigin’s Dogecoin Treasury entry, appears to support long-term bullish sentiment. As liquidity builds, the market is seeing stronger fundamentals and broader token utility. Continued accumulation may further validate DOGE’s role in digital finance and micropayment use cases.
The rise of Dogecoin Treasury strategies signals growing corporate interest in diversifying reserve assets with cryptocurrencies. BitOrigin’s entry reflects increased confidence in tokenization and decentralized finance applications beyond speculative trading. More firms are exploring crypto holdings as part of broader digital transformation agendas.
