Bit Digital (Nasdaq: BTBT) today announced that the underwriters of its recent public offering have exercised the full add-on option to purchase an additional 11.25 million shares of common stock, resulting in an additional net gain of approximately $21.40 million for the company. The offering resulted in a total of 86.25 million shares of common stock being issued for a total net gain of $162.90 million.
The company said it would use the proceeds to buy Ethereum. As a digital asset platform focused on Ethereum native treasury and staking strategies, BitDigital currently operates one of the largest institutional Ethereum staking infrastructures in the world.
Bit Digital Underwriters Exercise Full Purchase Option to Raise $162.90 million or Purchase ETH
2025-07-02 03:05:47
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