Nasdaq-listed Bit Digital plans to raise $67.30 million to purchase Ethereum

Nasdaq-listed Bit Digital announced on July 14th that it plans to raise approximately $67.30 million through a direct offering of 22 million ordinary shares to institutional investors, with all proceeds to be used to purchase Ethereum ($ETH). Priced at $3.06 per share, B. Riley Securities is acting as placement agent, and the transaction is expected to be completed on July 15th. A week earlier, the company had converted its entire Bitcoin inventory into Ethereum and currently holds approximately 100,603 $ETH (worth approximately $301.00 million). [ChainCatcher]