TechFlow news, July 15 — According to The Block, Nasdaq-listed Bit Digital announced on July 14 its plan to raise approximately $67.3 million through a direct offering of 22 million ordinary shares to institutional investors. All proceeds will be used exclusively to purchase Ethereum (ETH). Each share is priced at $3.06, with B. Riley Securities acting as the placement agent. The transaction is expected to close on July 15. Just one week prior, the company converted its entire Bitcoin holdings into Ethereum and currently holds approximately 100,603 ETH (worth around $301 million).
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