Bit Digital announced financing of $162.9 million and transitioned to an Ethereum treasury.
Gate News bot message, Nasdaq-listed company Bit Digital (BTBT) announced that it raised approximately $162.9 million in net proceeds through a stock issuance. According to The Block, the company plans to use these funds to establish an Ethereum treasury and undergo a business transformation.
Bit Digital has decided to sell approximately 417.6 Bitcoins currently held.