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Bit Digital Plans $67.3 Million Private Placement to Buy Ethereum

By: theblockbeats.news|2025/07/15 03:07:02

BlockBeats News, July 15th, according to The Block, Nasdaq-listed company Bit Digital announced its intention to raise approximately $67.3 million by privately placing 22 million common shares to institutional investors, with the plan to use the proceeds to purchase Ethereum.

In addition, Bit Digital disclosed that its preliminary estimated revenue for the second quarter is expected to be between $24.3 million and $26.9 million.

Viewpoint: Conservative funds in the United States have begun to allocate Bitcoin, and such institutional shifts may drive inflows of up to $1 trillion

WLFI Response to "Governance Vote Regarding KYC Re-screening and Transaction Monitoring": Considered a Regular Compliance Update