BTC Digital, a US-listed company, plans to raise $6 million to purchase ETH

On July 15, according to PR Newswire, Nasdaq-listed BTCDigital announced that it has reached a final agreement with institutional investors to raise US$6.000 million through the issuance of common stock. The transaction is expected to be completed around July 16, 2025, subject to customary closing conditions. The company expects to use the net proceeds from this issuance and its existing cash to purchase ETH. [PANews]