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  E-Bike Maker’s Shares Soar 135% on $500 Million Bitcoin Treasury Plan

  Shares of electric vehicle maker Volcon soared nearly 135% on Thursday after the company announced that it would raise $500 million to kick-start a Bitcoin treasury, joining a growing number of firms building BTC treasuries as a major component of their corporate strategies.  The firm has entered into an agreement to sell 50,142,851 shares of its common stock at $10 per share through a private placement, according to the statement. The firm will use 95% of the roughly $500 million it raises to b...

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  Bitcoin Mining Firm Stock Spikes After $500 Million Raise for Dogecoin Treasury

  Publicly traded firm Bit Origin, which is focused on Bitcoin mining infrastructure and investments, is raising $500 million to buy leading meme coin Dogecoin (DOGE) as it builds its own digital assets treasury. The firm entered into agreements to sell up to $400 million in Class A ordinary shares, as well as up to $100 million in convertible debt.  “Bit Origin is evolving beyond mining infrastructure to engage directly in the value and utility of digital assets,” said Bit Origin Chairman Jinghai...

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  Canary Files for Staked Injective ETF as Interest in Altcoin Funds Grows

  Canary Capital applied for a staked Injective exchange-traded fund, according to a filing with the U.S. Securities and Exchange Commission on Thursday, further evidence of issuers efforts to address growing demand for altcoin-focused investment products.  The fund, if approved, would enable investors to track the price of layer-1 blockchain Injective's native token, in addition to staking the altcoin. Staking is a process by which cryptocurrency holders "lock up" their assets to secure a network...