Bit Digital plans to raise $67.30 million to purchase Ethereum

Nasdaq-listed Bit Digital plans to raise approximately $67.30 million by issuing 22 million ordinary shares to institutional investors, priced at $3.06 per share. The transaction is expected to close around July 15, and the net proceeds will be used to purchase Ethereum. Last week, the company converted its entire Bitcoin reserve into Ethereum, holding approximately 100,600 $ETH as of July 7, worth approximately $301.00 million. [Foresight News]