Data: BTOG surged over 50% after announcing the establishment of DOGE reserves

ChainCatcher news, according to market data, Nasdaq-listed mining company Bit Origin Ltd (BTOG) has risen over 50%, with a market capitalization increasing to 56 million USD.

ChainCatcher previously reported, according to GlobeNewswire, Nasdaq-listed company Bit Origin Ltd (BTOG) announced that it has reached an agreement with qualified investors to issue up to 400 million USD of Class A common stock and 100 million USD of convertible bonds, with the funds raised to be used for establishing the company's Dogecoin (DOGE) reserve strategy.