Bit Digital Increases Convertible Bond Offering to $135 Million to Support ETH Purchase

BlockBeats News, September 30, According to official sources, Nasdaq-listed company Bit Digital announced that it will increase the fundraising size through the issuance of convertible bonds and preferential shares from the previous $100 million to $135 million. It is expected that the trading of the convertible bond notes will be completed on October 2, 2025, subject to customary closing conditions. The net proceeds from the issuance are expected to be mainly 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.