Bit Digital Reaches Approx. $67.30 million Stock Placement Financing Agreement to Continue Purchasing ETH
2025-07-15 01:20:09
Nasdaq-listed Bit Digital, Inc. announced that it has entered into a stock placement agency agreement with B. Riley Securities, Inc. to sell 22 million shares of common stock at an issue price of $3.06 per share. The expected size of the fundraising will reach approximately $67.30 million. The company plans to use the net proceeds of the fundraising to purchase Ethereum (ETH). It is reported that the preliminary prospectus supplement and the final prospectus supplement related to the offering have been submitted to the Securities Exchange Commission.
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