Bit Origin Ltd (Nasdaq: BTOG) invested $12 million in ME Group’s pre‑A extension financing round, a move that brings the total capital raised by ME Group to $48 million. The investment is part of ME Group’s strategy to expand its AI‑driven news, data, and information services platform, which the company says will power new content‑generation tools and real‑time market analytics.
ME Group also announced the acquisition of BTV, a video‑production and distribution platform that has built a multilingual user base of roughly 3.5 million viewers worldwide. The deal, valued at $45 million in cash and stock, adds BTV’s cryptocurrency‑adoption content library and its proprietary video‑analytics engine to ME Group’s portfolio. Founder Michael Guo will join ME Group as a partner and chief strategy officer, bringing expertise in content monetization and community engagement.
The investment marks a strategic pivot for Bit Origin, which has historically focused on Dogecoin treasury management and mining operations. Recent financial statements show Bit Origin’s revenue at $0.04 million, a 3‑year growth rate of –72.4 %, and operating and net margins of –7,671.8 % and –11,248.72 % respectively. The company’s debt‑to‑equity ratio stands at 1.46 and its Altman Z‑score is –10.8, placing it in a distress zone. Bit Origin’s Nasdaq listing has faced compliance challenges related to minimum bid price and stockholders’ equity, though the company has received extensions to regain compliance. The $12 million stake in ME Group is therefore a high‑risk, high‑potential bet on a company that is moving beyond crypto mining into Web3 media and brand‑growth services.
ME Group’s previous pre‑A round, announced on August 26 2025, raised $40 million at a pre‑money valuation of $40 million and was led by FutureMoney Group. The new round extends that valuation and brings additional strategic partners into the fold. The BTV acquisition is expected to accelerate ME Group’s content‑delivery capabilities and broaden its reach in the cryptocurrency community, a key demographic for the company’s AI‑powered analytics platform.
The transaction signals a broader trend of crypto‑centric firms diversifying into AI and media. Bit Origin’s move is likely driven by a desire to leverage its crypto assets to fund high‑growth ventures, while ME Group seeks to consolidate its position in the Web3 media ecosystem. Analysts note that the partnership could create synergies in content creation, distribution, and data monetization, but also highlight the financial fragility of Bit Origin as a potential risk factor for the deal’s long‑term success.
The deal is expected to close in the next 90 days, subject to customary regulatory approvals and the completion of due diligence. Both companies have indicated confidence that the transaction will enhance their competitive positioning and unlock new revenue streams in the rapidly evolving Web3 and AI markets.
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