Now rebranded and listed on Nasdaq, the company announced its first major crypto treasury move by scooping up 40.5 million DOGE, acquired at an average of $0.24 per token.

This marks the launch of a much larger plan to build a $500 million digital asset reserve, backed by a mix of equity and convertible debt.

Behind the decision is CEO Jinghai Jiang, who believes Dogecoin’s time has come—not just as a meme, but as a tool for micropayments. He points to rising developer activity and growing interest in tokenization as signs that DOGE could play a bigger role in decentralized finance.

Bit Origin’s crypto ambitions are nothing new. The firm began mining Bitcoin in 2021 and dropped its meat industry ties by 2022. It had previously partnered with MineOne Partners to run a mining site in Wyoming—until national security concerns forced an abrupt shutdown due to its proximity to a U.S. missile facility. Jiang himself once held a leadership role at MineOne.

Today, Bit Origin doesn’t even mention food in its company description. It’s gone full crypto—and its Dogecoin purchase is only the beginning.

The post Chinese Food Firm-Turned-Crypto Miner Bets on Dogecoin appeared first on Coindoo.

---

Filed under: Bitcoin - @ July 23, 2025 1:16 am