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Benzinga
Benzinga
Business
Dylan Berman

Bit Origin Shares Are Trading Higher Friday: What's Going On?

Dogecoin Bit Digital
Dogecoin,Golden,Cryptocurrency,And,Blue,Graph,Background,With,Quote,Data

Bit Origin (NASDAQ:BTOG) shares are trading higher Friday on possible continued momentum after the company announced Thursday that it secured $500 million in equity and debt facilities to launch the company’s Dogecoin (CRYPTO: DOGE) treasury strategy.

What To Know: Bit Origin entered into agreements with accredited investors for up to $400 million in Class A ordinary shares and up to $100 million in convertible debt. The company said it has completed an initial closing of $15 million under the debt facility and plans to use a significant portion of the proceeds to acquire Dogecoin.

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