Bit Origin Ltd. Raises $6M from Share Sale
Ticker: BTOG · Form: 6-K · Filed: Aug 12, 2025 · CIK: 1735556
| Field | Detail |
|---|---|
| Company | Bit Origin Ltd (BTOG) |
| Form Type | 6-K |
| Filed Date | Aug 12, 2025 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.000001, $0.30, $6,000,000, $0.30 m, $0 |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-sale, capital-raise, financing
TL;DR
Bit Origin sold 20M shares at $0.30 for $6M cash on Aug 6.
AI Summary
On August 6, 2025, Bit Origin Ltd. entered into Securities Purchase Agreements with certain investors to sell 20,000,000 Class A ordinary shares at a price of $0.30 per share, raising gross proceeds of $6,000,000 before deducting any offering expenses.
Why It Matters
This capital infusion could provide Bit Origin Ltd. with additional resources to fund its operations or strategic initiatives.
Risk Assessment
Risk Level: medium — The company is selling shares, which can dilute existing shareholders and may indicate a need for capital.
Key Numbers
- $6.0M — Gross Proceeds (Raised from the sale of 20,000,000 ordinary shares at $0.30 each on August 6, 2025.)
- 20,000,000 — Shares Sold (Class A ordinary shares sold to investors on August 6, 2025.)
- $0.30 — Price Per Share (The price at which each ordinary share was sold on August 6, 2025.)
Key Players & Entities
- Bit Origin Ltd. (company) — Issuer of shares
- August 6, 2025 (date) — Date of securities purchase agreements
- 20,000,000 (dollar_amount) — Number of Class A ordinary shares sold
- $0.30 (dollar_amount) — Price per ordinary share
- $6,000,000 (dollar_amount) — Gross proceeds from the share sale
FAQ
What is the total number of shares Bit Origin Ltd. sold?
Bit Origin Ltd. sold 20,000,000 Class A ordinary shares.
What was the price per share for the sale?
The price per share was $0.30.
When did Bit Origin Ltd. enter into these agreements?
The company entered into the Securities Purchase Agreements on August 6, 2025.
What are the gross proceeds from this share sale?
The gross proceeds are $6,000,000, before deducting offering expenses.
What type of shares were sold?
Class A ordinary shares were sold.
Filing Stats: 1,182 words · 5 min read · ~4 pages · Grade level 15.9 · Accepted 2025-08-12 08:50:28
Key Financial Figures
- $0.000001 — the “Purchased Shares), par value $0.000001 per share, of the Company (the “O
- $0.30 — (the “Ordinary Shares”), at $0.30 per Ordinary Share (the “Offering
- $6,000,000 — g”) for a total purchase price of $6,000,000 (the “Purchase Price”). The
- $0.30 m — rdquo;) is less than the product of (i) $0.30 multiplied by (ii) a fraction of which th
- $0 — Market Price or (ii) the product of (x) $0.24, multiplied by (y) a fraction, the n
- $0.24 m — ent Market Price or (ii) the product of $0.24 multiplied by a fraction, the numerator o
Filing Documents
- tm2523134d1_6k.htm (6-K) — 19KB
- tm2523134d1_ex4-1.htm (EX-4.1) — 48KB
- tm2523134d1_ex10-1.htm (EX-10.1) — 133KB
- tm2523134d1_ex10-2.htm (EX-10.2) — 16KB
- tm2523134d1_ex99-1.htm (EX-99.1) — 9KB
- 0001104659-25-076525.txt ( ) — 227KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: August 12, 2025 BIT ORIGIN LTD By: /s/ Jinghai Jiang Name: Jinghai Jiang Title: Chief Executive Officer, Chief Operating Officer and Chairman of the Board 4