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Bit Digital announced that it will increase the issuance of Convertible Bonds to raise funds of $135 million to support the purchase of ETH.
PANews, September 30 - According to PRNewswire, Nasdaq-listed company Bit Digital announced that it will increase the fundraising scale of its equity issuance through the issuance of Convertible Bonds from the previous $100 million to $135 million. The trading of these Convertible Bond notes is expected to be completed on October 2, 2025, but is subject to customary closing conditions. It is reported that the net proceeds from the 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.