TechFlow, Sept. 30 — According to RT Watson, Bit Digital, an Ethereum treasury company, announced on Monday its proposal to issue $100 million in convertible bonds to purchase additional ETH.
In the statement, the company said that the net proceeds from the offering will be primarily used to buy Ethereum, and may also be used for general corporate purposes, including potential investments, acquisitions, and other business opportunities related to digital assets. Bit Digital (ticker: BTBT) has filed a preliminary prospectus with the U.S. Securities and Exchange Commission, with Barclays, Cantor, and B. Riley Securities acting as underwriters.
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