US stock BTOG rises over 46%, market value rises to $54.5 million

According to BlockBeats, on July 18th, Bit Origin Ltd (BTOG), a mining company listed on NASDAQ, rose by over 46%, with its market value reaching $54.5 million. BlockBeats previously reported that on July 17th, Bit Origin announced that it had reached an agreement with qualified investors to sell up to $400 million in Class A common stock and up to $100 million in convertible bonds. The $500 million raised will be used to launch Dogecoin DOGE Treasury Reserve. The company stated that DOGE may be included in payment scenarios in the future, such as X Money.