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Barchart
Barchart
Wajeeh Khan

This Penny Stock Wants to Become the MicroStrategy of Dogecoin

DOGE Dogecoin

Bit Origin (BTOG) shares are extending gains in morning trading on Monday after the crypto mining company announced plans of raising $500 million to launch a Dogecoin (DOGEUSD) treasury. 

In its press release, the Nasdaq-listed firm said it will raise about 20% of that capital via a sale of senior secured convertible notes while the rest of the funds will come from an equity offering. 

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