According to Foresight News, Nasdaq-listed company Bit Digital plans to raise approximately $67.3 million by issuing 22 million common shares to institutional investors, with a price of $3.06 per share. The transaction is expected to be completed around July 15, and the net proceeds will be used to purchase Ethereum. Last week, the company converted all of its Bitcoin reserves to Ethereum, holding approximately 10,060 ETH as of July 7, valued at around $301 million.
Bit Digital plans to raise $67.3 million to buy Ethereum
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