US EditionBit Digital, Inc. Announces $67.3 Million Registered Direct Offering of its Ordinary Shares
- Bit Digital, Inc. announced a registered direct offering of 22 million ordinary shares at $3.06 per share, resulting in approximately $67.3 million in gross proceeds before fees and expenses.
- The offering is expected to close on or about July 15, 2025, subject to customary closing conditions.
- Net proceeds from the offering will be used by Bit Digital to purchase Ethereum.
- Bit Digital operates one of the largest institutional Ethereum staking infrastructures globally and began staking ETH in 2022.
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The Berkshire Eagle
Bit Digital, Inc. Announces $67.3 Million Registered Direct Offering of its Ordinary Shares
NEW YORK, July 14, 2025 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company") today announced that it has entered into a placement agency agreement with B. Riley Securities, Inc. (the "Placement Agent") for the purchase and…
Bit Digital Ethereum Investment Strategy Boosted by $67.3M Raise
In a bold move that highlights the shifting tides of crypto investment, Nasdaq-listed Bit Digital has announced plans to raise $67.3 million through a direct offering of 22 million ordinary shares, according to a recent Crypto News report. The goal? To purchase Ethereum (ETH) and significantly expand its existing treasury. The offering, priced at $3.06 per share, is expected to close around July 15, with B. Riley Securities managing the transact…
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