BTC Digital, a Nasdaq-listed entity, has secured a definitive agreement to raise $6 million from institutional investors via a common stock offering, according to Mars Finance. This capital raise is projected to close by July 16, 2025, contingent upon standard regulatory and closing requirements. The company plans to strategically deploy the net proceeds, alongside its current cash reserves, to acquire Ethereum (ETH), reinforcing its position in the digital asset market. This move underscores BTC Digital’s commitment to expanding its cryptocurrency portfolio through disciplined capital allocation and investor-backed funding initiatives.
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