Bit Digital is raising 67.3 million USD by offering 22 million shares to institutional investors. The proceeds will be used solely for purchasing Ethereum, reflecting the company’s strategic pivot after converting its Bitcoin holdings to ETH.
As of early July, Bit Digital holds approximately 100,603 ETH, valued at around 301 million USD. Despite minor stock fluctuations, their shares have increased by over 32% in the past month, indicating solid institutional interest.
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