Bit Digital’s Public Offering to Boost Ethereum Treasury and Staking
In June 2025, Bit Digital (NASDAQ: BTBT) announced the pricing of an underwritten public offering of $75 million ordinary shares at $2.00 per share to raise a $150M through a public offering to purchase Ether for its treasury reserves. The firm intends to use the net proceeds to buy Ethereum.
A 30-day option to the underwriters to buy an additional 11.25 million shares is available. The closing date of June 27, 2025, is anticipated for the offers. B. Riley Securities is the bookrunning sole manager, with Clear Street, Craig-Hallum, and Northland Capital Markets as co-managers.
Source: Crypto Jessica
The securities were filed on a quarterly registration statement on Form S-3 and, as amended, including a base prospectus by the company on 30th April, 2025, and were declared effective on 20th June, 2025, which were initially filed with the Securities and Exchange Commission (SEC). SEC will file the final prospectus supplement and accompanying prospectus to the offering, which will be accessible for free on the SEC’s official website.
This press release is not a solicitation of an offer to purchase or sell securities and does not permit any sale where it is not legally authorized.
From Bitcoin Miner to ETH Staker: Bit Digital’s $150M Switch Shakes the Market
Big Digital, a publicly listed digital asset company that is concerned with Ethereum-native treasury and staking strategies, operates without a central authority or one administrator. The firm started staking and gathering ETH in 2022 and is now one of the world’s biggest institutional ETH staking infrastructures.
Anyone can make a new Bitcoin address and make transactions without any approval achieved using a specialized distributed ledger termed a blockchain that tracks transactions. Bitcoin facilitates peer-to-peer transactions between users, secured by cryptography and recorded on an open and unalterable ledger referred to as the blockchain.
Rather than concentrating largely on bitcoin mining, the most well-known and first cryptocurrency, Bit Digital is now making a substantial shift in their business strategy are now shifting their focus to Ethereum, and plans to invest heavily in Ethereum staking and expanding their Ethereum treasury.
StakingETH involves tying up their Ethereum tokens to support the Ethereum network, and in exchange, they receive rewards. This method is regarded as being a newer and possibly consistent means of earning money compared to mining Bitcoin, which involves needing to pay for expensive equipment and loads of electricity.
In doing so, Bit Digital is gambling on ETH increasing significance in the crypto space and seeking to create a more sustainable and profitable future for the company.
Can Investors Digest Bit Digital’s All-In Ethereum Staking Bet?
($150M Raised, 0 Hope Left in Mining: Bit Digital Goes All-In on Eth Staking)
Although the press release may include “forward-looking statements” related to Bit Digital, Inc., and its subsidiary companies, except for historical facts, all statements contained herein are “forward-looking statements.” These forward-looking statements mean the forward-looking terms like “intends”, “expects”, or other similar words that involve unknown and known risks and uncertainties
The company believes the expectations exhibited in these forward-looking statements to be reasonable; nonetheless, they do involve assumptions, risks, and uncertainties, and these uncertainties may prove incorrect. It involves a high level of risk to invest in securities.
Before any investment decision, there should be careful consideration of risks, uncertainties, and forward-looking statements expressed in the ” Risk factors”. Investors should not put undue reliance on such forward-looking statements, which speak only as of the date of this press release.
From the projections in forward-looking statements, the actual results may vary due to a range of factors, including those mentioned in the company’s periodic reports filed with the Securities and Exchange Commission.
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