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NASDAQ-listed company Bit Digital plans to raise $67.3 million through private placement for Ethereum purchase

Summary: NASDAQ-listed company Bit Digital announced plans to issue 22 million shares of common stock to institutional investors in a private placement, aiming to raise approximately $67.3 million for the purchase of Ethereum. The company had previously converted all Bitcoin reserves to Ethereum, holding around 100,603 ETH worth about $301 million as of July 7. Additionally, ...

NASDAQ-listed company Bit Digital announced plans to issue 22 million shares of common stock to institutional investors in a private placement, aiming to raise approximately $67.3 million for the purchase of Ethereum. The company had previously converted all Bitcoin reserves to Ethereum, holding around 100,603 ETH worth about $301 million as of July 7. Additionally, Bit Digital disclosed that its preliminary estimated revenue for the second quarter is between $24.3 million and $26.9 million. (TheBlock)

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