Bit Digital Raises $162.9M in Public Offering to Expand Ethereum Staking Infrastructure

On July 2, Bit Digital (Nasdaq: BTBT) confirmed that the underwriters of its recent equity offering have fully exercised the over-allotment option, acquiring an additional 8.625 million common shares. This transaction generated approximately $21.4 million in incremental net proceeds. The overall public offering comprised 86.25 million common shares, resulting in total net proceeds of $162.9 million. The company plans to allocate these funds toward the acquisition of Ethereum, reinforcing its strategic focus on native Ethereum treasury management and staking protocols. Bit Digital is recognized for operating one of the largest institutional Ethereum staking infrastructures globally, positioning itself as a key player in the digital asset ecosystem.