Bit Origin Stock Drops Heading Into Long Weekend, Next Session in Focus
Bit Origin Ltd shares fell 3.1% to $1.71 on Friday, closing about 5.5% below the prior week as the Nasdaq Composite rose. Fewer than 80,000 shares traded ahead of the Memorial Day market closure. The stock’s drop contrasts with gains in some crypto peers. Bit Origin recently secured $500,000 of up to $5 million in convertible debt to fund AI infrastructure plans.