Pork to DOGE: Bit Origin’s Wild Crypto Crossover!

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  • Over 40M DOGE added to Bit Origin’s reserves.
  • Firm switches from pork to crypto with 💸 flair.

Bit Origin, once a king of Chinese pork processing 🐖, has now entered the crypto chaos like a pig in a blockchain glitter storm. The freshly-minted crypto miner just dropped 40.5 million Dogecoin (DOGE) into its treasure chest, aiming to build a $500 million digital gold vault. Because nothing says “business pivot” like trading slaughterhouses for mining rigs, right?

Source – X

This move is like swapping a meat cleaver for a Bitcoin pickaxe. Bit Origin spent ~$9.9M to stuff its treasury with DOGE at 0.2466 cents per token. On X, they declared their new identity with the enthusiasm of someone who just discovered crypto can’t be grilled into bacon. They’re ditching their sizzling past for a future of blockchain speed and utility—because nothing says “growth” like abandoning your core business for a meme coin.

New Crypto Strategy Targets Micropayments and DeFi Growth

The DOGE hoard is just the appetizer in Bit Origin’s $500M crypto feast. They’re funding this with share sales and convertible debt, positioning themselves to become the biggest publicly traded DOGE hoarder since… well, a whale with a Netflix password. CEO Jinghai Jiang claims their mining expertise gives them “proof-of-work street cred.” And Dogecoin’s micropayment potential? It’s “approaching a tipping point,” he says, because nothing says “tipping point” like a coin created as a joke.

Source -globenewswire.com

Jiang also said Dogecoin fits their DeFi dreams like a sock puppet fits a sock. “The market environment is conducive to Dogecoin’s DeFi rise,” he declared, because what crypto CEO doesn’t love a good “conducive environment”? Bit Origin isn’t just mining anymore—they’re betting DOGE’s speed and popularity can power peer-to-peer payments. Bold move, or the definition of “gamble”? Let’s see if they end up on Shark Tank or Shark Memorial.

Institutional Wave, Market Reaction, and Whale Power

Bit Origin’s entry into DOGE land came just as whale investors were throwing their weight around like it’s a crypto buffet. DOGE prices hit 0.26 cents, volumes spiked, and everyone’s favorite meme coin suddenly felt less “joke” and more “I should’ve held this instead of my ex’s engagement ring.”

Dogecoin hasn’t seen corporate moves like this since… well, ever. Bit Origin is using its $500M war chest (400M shares + 100M debt) to stockpile DOGE, giving shareholders 0.69 tokens each. Because nothing says “value” like a DPS ratio that’s basically a dad joke. Preliminary reports suggest they’ll use the funds to build more miner services and payment apps—because nothing says “sustainability” like a coin with fees cheaper than a coffee tax.

Whale activity? Let’s just say large wallets have been scooping up 250M DOGE faster than you can say “Shiba Inu.” One wallet alone holds 28 BILLION tokens. That’s enough to buy every pizza in Italy and still have change for a crypto tax lawyer. And whispers of a DOGE ETF by 2025? Let’s just say the whales are throwing confetti 🎉 while Bit Origin tries to keep up.

Dogecoin’s utility now rivals legacy payment systems, and Bit Origin is front-row at the crypto treasury revolution. Who knew a pork company could pivot to becoming a digital payment pioneer? Next up: Dogecoin sausages. 🐺🐖

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2025-07-22 20:57