Bit Origin buys $10M in Dogecoin, shifting from Bitcoin mining to DOGE treasury, signaling confidence in meme coin’s DeFi potential and institutional interest.
Ethena invests $360M in StablecoinX, launches $260M ENA buyback to boost treasury and support USDE’s Nasdaq listing for greater regulatory credibility.
xTAO raises $22.8M and lists on Canada’s TSX Venture Exchange to expand Bittensor’s decentralized AI infrastructure and accelerate commercial AI adoption.
1. BIT ORIGIN BUYS $10M IN DOGE TO LAUNCH CORPORATE TREASURY
Nasdaq-listed Bit Origin announced it has completed its first Dogecoin purchase, acquiring 40,543,745 DOGE at an average price of $0.2466, totaling around $10 million. This move comes less than a week after the company revealed its plan to establish a corporate Dogecoin treasury. Bit Origin says it has secured up to $500 million in equity and debt financing to support this strategy.
The shift from Bitcoin mining to Dogecoin accumulation signals a major strategic pivot and confidence in meme coins’ potential. Bit Origin believes current market conditions favor DOGE’s evolution toward decentralized finance use cases, highlighting its global liquidity and brand recognition. This bold move could inspire other institutions to explore Dogecoin, especially in DeFi payments and lending. However, DOGE’s future remains shaped by market volatility, regulatory uncertainty, and community momentum.
2. ETHENA INVESTS $360M IN STABLECOINX, BUILDS ENA TREASURY
Ethena Labs has announced a $360 million PIPE (Private Investment in Public Equity) deal with StablecoinX and launched a $260 million ENA open market buyback program to strengthen its treasury reserves. StablecoinX plans to list on Nasdaq under the ticker “USDE.”
If successful, this listing would elevate the regulatory credibility and visibility of stablecoins in traditional finance, potentially drawing more institutional investors and accelerating their integration into global financial systems. Yet, realizing this vision will require navigating regulatory frameworks, market acceptance, and risk management challenges.
3. BITTENSOR PROJECT XTAO TO LIST IN CANADA, RAISES $22.8M
xTAO, a key infrastructure provider within the Bittensor ecosystem, will go public on July 23 via Canada’s TSX Venture Exchange under the ticker XTAO.U. The company has raised $22.8 million in funding from major investors including Digital Currency Group, Animoca Brands, Arca, Borderless Capital, and FalconX.
xTAO aims to drive growth across Bittensor’s decentralized AI network by focusing on data, compute, and machine learning modules. Through validator nodes, it will connect users and enterprises, acting as a critical bridge to scale commercial use. The public listing and capital injection are expected to accelerate product development and ecosystem adoption.
〈CoinRank Crypto Digest (7/22)｜Ethena Invests $360M in Stablecoinx, Builds Ena Treasury〉這篇文章最早發佈於《CoinRank》。
