US Stock BTOG Surges Over 46%, Market Cap Reaches $54.5 Million

BlockBeats News, July 18th, Nasdaq-listed mining company Bit Origin Ltd (BTOG) surged over 46%, with a market value rising to $54.5 million.

BlockBeats previously reported that on July 17th, Bit Origin announced that it had reached an agreement with accredited investors to sell up to $4 billion in Class A common stock and up to $1 billion in convertible bonds. The raised $500 million will be used to launch the Dogecoin (DOGE) Treasury Reserve. The company stated that DOGE may be included in future payment scenarios (such as X Money).