Bit Origin has acquired 40.54 million Dogecoin (DOGE) tokens to establish its inaugural corporate DOGE fund, marking a strategic expansion of its cryptocurrency portfolio.
This acquisition signals the company’s targeted focus on diversifying its digital assets through exposure to meme-inspired cryptocurrencies. The move aligns with growing institutional interest in alternative cryptocurrency sectors beyond traditional assets.
Bit Origin intends to leverage Dogecoin’s market dynamics and investment potential through this dedicated fund, positioning DOGE as a deliberate component of its broader portfolio diversification strategy. The initiative highlights institutional recognition of opportunities within the altcoin ecosystem.