Bit Origin has purchased approximately 40.54 million DOGE tokens for the first time after establishing its enterprise DOGE capital pool

According to The Block, small cryptocurrency mining company Bit Origin (stock code BTOG) announced the completion of its first batch of DOGE (Dogecoin) purchases, with a total of 40543745 DOGEs purchased at an average purchase cost of approximately $0.2466 per coin. This purchase is less than a week after the company announced last Thursday the establishment of a $500 million Dogecoin enterprise vault. The CEO of the company, Jinghai Jiang, mentioned in a statement that based on his understanding of the proof of work mechanism, he believes that the potential of Dogecoin in the field of small payments is approaching a turning point. The announcement specifically states that the plan is partially inspired by Musk and his vision for a "super application" on social media platform X.