The Ethereum treasury company Bit Digital plans to raise $100 million through the issuance of Convertible Bonds.

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[Ethereum Treasury Company Bit Digital plans to raise $100 million through the issuance of Convertible Bonds] Ethereum digital asset company Bit Digital announced on Monday that it has proposed to issue $100 million in convertible notes to purchase more ETH. The company stated in a statement: "The net proceeds from this issuance will primarily be used to purchase Ethereum and may be used by the company for general corporate purposes, including potential investments, acquisitions, and other business opportunities related to digital assets." Bit Digital (stock code: BTBT) has submitted a preliminary prospectus to the U.S. Securities and Exchange Commission. Barclays Bank, Cantor, and B. Riley Securities are serving as the lead underwriters for this issuance. In June of this year, Bit Digital, established in 2015, transformed from a Bitcoin mining operator into a "pure" Ethereum staking and fund management company.

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