SANGRIX INC. (NASDAQ:SGRX) (the "Company"), formerly known as Bit Origin Ltd, today announced that it sold an aggregate of 3,000,000 Dogecoin ("DOGE") on September 7, 2026, generating approximately US$267,665 in gross proceeds to support working capital and its transition toward AI computing infrastructure.
The sales were completed through two transactions of 1,500,000 DOGE each, at a weighted average execution price of approximately US$0.089221667 per DOGE, before transaction fees.
The transactions followed a recovery in DOGE prices. Based on historical daily closing prices published by CoinGecko in U.S. dollars, DOGE increased approximately 10.7% over the seven-day period ended September 6, 2026, from US$0.082054 on August 30 to US$0.090856 on September 6. These market reference prices provide context for the transactions and do not represent the Company’s execution prices or investment returns.
The Company intends to use the net proceeds for general working capital and planned AI infrastructure expenditures, including equipment and deployment-related costs. The sales reflect the Company’s assessment of market conditions, operating cash requirements and investment priorities as it reallocates resources toward its AI infrastructure business.
The Company will continue to evaluate further sales of its remaining DOGE holdings, from time to time, based on market conditions, liquidity needs and capital allocation priorities. Any additional sales, if pursued, will depend on the then circumstances, size and pricing determined by these considerations, and no assurance can be given that additional sales will occur. Available proceeds, if any, would support working capital and the continued development of the Company’s AI infrastructure business.
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