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Bit Origin Announces Completion of Share Capital Reduction

1. Bit Origin Ltd completed a share capital reduction approved by shareholders. 2. Share par value decreased from $0.30 to $0.000001 per share. 3. New authorized share capital allows for future corporate actions. 4. CEO stated this enhances flexibility for capital raises and strategic transactions. 5. Company focuses on blockchain technologies for growth.

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FAQ

Why Bullish?

The reduction enhances flexibility for corporate actions, akin to past successful restructurings.

How important is it?

The share capital reduction is likely to attract investor interest and enhance liquidity.

Why Long Term?

Long-term value creation aligns with historical trends of share capital reductions leading to positive market response.

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BTCCOINGBTC
SINGAPORE, Aug. 04, 2025 (GLOBE NEWSWIRE) -- Bit Origin Ltd (NASDAQ: BTOG) ("Bit Origin" or the "Company") today announced that it has completed a reduction of its issued share capital, following the approval by its shareholders and subsequent confirmation by the Grand Court of the Cayman Islands. On June 5, 2025, the Grand Court of the Cayman Islands issued an order confirming the Company’s special resolution passed at its annual general meeting held on March 14, 2025, to reduce the par value of each issued and authorised share of the Company from US$0.30 to US$0.000001 (the “Share Capital Reduction”). Following the Share Capital Reduction, the authorised share capital of the Company is US$500, divided into 500,000,000 ordinary shares of par value US$0.000001 each, comprising 475,000,000 Class A Ordinary Shares and 25,000,000 Class B Ordinary Shares. All issued shares remain fully paid up. The Share Capital Reduction was registered by the Cayman Islands Registrar of Companies on July 25, 2025. Mr. Jinghai Jiang, Chairman and Chief Executive Officer of Bit Origin, commented, “The successful completion of the share capital reduction provides us with increased flexibility in executing future corporate actions, including potential capital raises and strategic transactions. This is another step forward as we continue to pursue long-term value for our shareholders.” About Bit Origin Ltd Bit Origin Ltd is an emerging growth company actively deploying blockchain technologies alongside diversified expansion strategies. For more information, please visit https://bitorigin.io. Safe Harbor Statement This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results. Company Contact Bit Origin Ltd Mr. Jiang Jinghai, Chairman of the Board, CEO and COOEmail: ir@bitorigin.io To keep updated on Bit Origin’s news releases and SEC filings, please subscribe to email alerts at https://bitorigin.io/contact

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