Ethereum digital asset firm Bit Digital said Monday it has proposed issuing $100 million convertible notes to buy more ETH.
"Net proceeds from the offering will be used primarily to purchase Ethereum and may be used by the company for general corporate purposes, including potential investments, acquisitions and other business opportunities related to digital assets," the company said in a statement.
Bit Digital (ticker: BTBT) filed a preliminary prospectus with the Securities Exchange Commission. Barclays, Cantor and B. Riley Securities served as lead underwriters for the offering.
In June, Bit Digital, founded in 2015, transformed from a bitcoin mining operator into a "pure play" Ethereum equity staking and money management company.
Ethereum treasury firm Bit Digital plans to raise $100 million by issuing convertible bonds
2025-09-29 22:07:18
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