US-listed company BTC Digital plans to raise $6.00 million to purchase ETH

Nasdaq-listed BTC Digital announced that it has reached a final agreement with institutional investors to raise $6.00 million through the issuance of common stock. The transaction is expected to be completed on or around July 16, 2025, subject to customary closing conditions. The company expects to use the net proceeds from the offering and its existing cash to purchase ETH. (PRNewswire) [Odaily Planet Daily News]