Bit Origin Ltd, a Nasdaq-listed Bitcoin mining firm, saw its stock surge nearly 90% after announcing a $500 million capital raise to create a Dogecoin treasury. The plan includes $400 million from equity sales and $100 million in convertible debt, with an initial $15 million already secured to purchase DOGE. This bold move positions Bit Origin as one of the first public companies to hold Dogecoin as a treasury asset. Investors responded enthusiastically, pushing DOGE prices higher. The strategy reflects growing interest in meme coins for corporate balance sheets and hints at broader adoption, possibly tied to Elon Musk’s X ecosystem.