TechFlow news, July 2 — Bit Digital (Nasdaq: BTBT) announced today that the underwriters of its recent public offering have fully exercised their option to purchase additional shares, acquiring an extra 11.25 million ordinary shares, bringing the company approximately $21.4 million in additional net proceeds. The public offering in total issued 86.25 million ordinary shares, generating total net proceeds of $162.9 million. The company stated it will use the funds to purchase Ethereum. As a digital asset platform focused on Ethereum-native treasury and staking strategies, Bit Digital currently operates one of the largest institutional Ethereum staking infrastructures globally.
Add to Favorites
Share to Social Media
