Bit Digital underwriters fully exercised their additional purchase options and raised US$162.9 million or used it to purchase ETH"
Bit Digital(Nasdaq:BTBT) announced today that underwriters of its recent public offering have fully exercised their option to purchase 11.25 million additional shares of common stock, resulting in additional net income of approximately $21.4 million for the company. A total of 86.25 million shares of common stock were issued, resulting in net proceeds of $162.9 million. The company said it would use the proceeds to buy Ethereum. As a digital asset platform focused on Ethereum native treasury and pledge strategies, BitDigital currently operates one of the largest institutional Ethereum pledge infrastructures in the world.
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