24/7 Market News Snapshot 21 July, 2025 – Bit Origin Limited Class A Ordinary Shares (NASDAQ:BTOG)

July 21, 2025

DENVER, Colo., 21 July, 2025 (www.247marketnews.com) – (NASDAQ:BTOG) are discussed in this article.
Bit Origin Limited is currently displaying a notable bullish trend, with its Class A ordinary shares (BTOG) trading at $0.911, reflecting a 16.79% increase from the previous close of $0.780. In pre-market trading sessions, the stock demonstrated impressive volume of 14.50 million shares, indicating heightened investor interest and positive market momentum. Analysts are monitoring technical indicators like the Relative Strength Index (RSI) for signs of overbought conditions. A breach of existing resistance levels could pave the way for further upward movement, while a potential reversal may necessitate closer scrutiny of key support levels.

In a significant development, Bit Origin announced the strategic acquisition of approximately 40.5 million Dogecoin (DOGE) as part of its digital asset treasury initiative. This acquisition aligns with the Company’s previously-established capital facility of up to $500 million, designed to enhance its asset management strategy. As of July 21, 2025, the Company’s holdings encompass 40,543,745 DOGE, with an average acquisition cost of around $0.2466 per DOGE, leading to a DOGE-Per-Share (DPS) ratio of approximately 0.691.

Jinghai Jiang, CEO, COO, and Chairman of the Board, articulated optimism regarding the Company’s new strategic direction. He noted the inherent trade-offs of proof-of-work systems based on their comprehensive mining experience. Jiang emphasized Dogecoin’s evolving role in micropayments, driven by revitalized developer activity and growing institutional interest. The acquisition not only strengthens the Company’s digital treasury but also reflects its confidence in the transformative dynamics of cryptocurrency and decentralized finance.

As Bit Origin Ltd continues to advance its operations within the cryptocurrency sector, stakeholders are encouraged to follow its progress as the Company embraces new opportunities for growth and innovation.

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