Bit Digital underwriters fully exercised the purchase option, raising $162.9 million, which may be used to purchase ETH

CoinRank News: Bit Digital (Nasdaq: BTBT) announced today that the underwriters of its public offering have fully exercised their option to purchase an additional 11.25 million shares of common stock, bringing the company approximately $21.4 million in additional net proceeds. This round of offering raised a total of approximately $162.9 million in net proceeds. The company said it plans to use part of the funds to purchase Ethereum. Currently, Bit Digital focuses on Ethereums native treasury and staking strategies, and operates one of the worlds largest institutional-grade Ethereum staking infrastructures. (prnewswire)