BTC Digital, a US-listed company, plans to raise $6.00 million through a private placement to purchase Ethereum

On July 15, PR Newswire reported that blockchain technology company BTC Digital Ltd. (Nasdaq: BTCT) announced today that it has entered into a definitive agreement with institutional investors for a registered direct offering to sell approximately $6.00 million of common stock at a price of $3.00 per share. A total of 2,000,000 shares of common stock will be sold in this offering. The company plans to use the net proceeds from this offering, together with existing cash, to purchase Ethereum. [BlockBeats]