Bit Digital, Inc. (NASDAQ: BTBT) will seek shareholder approval for a capital increase between $3.5 million and $10.1 million during a meeting scheduled for September 10, 2025. The funding aims to expand the company’s Ethereum portfolio by acquiring approximately 120,000 ETH.
Ethereum currently trades at $3,742.10, reflecting strong market momentum with a 4.18% daily increase and 106.98% growth over 90 days. CEO Sam Tabar stated the capital deployment strategy targets Ethereum’s expanding role in decentralized finance (DeFi) ecosystems, while implementing measures to mitigate market volatility risks.
The initiative marks a strategic shift toward Ethereum-focused investments following evolving market dynamics and network advancements. This expansion positions Bit Digital to capitalize on Ethereum’s institutional adoption trajectory and ecosystem developments.