Bit Digital Bets Big on Ethereum With $21.4M Public Offering
2025-07-04 05:50:09
Main Idea
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Key Points
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2. The token is marketed as a way to achieve substantial financial gains ('lunar gains').
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Description
Bit Digital, a company listed on the Nasdaq, recently announced it has raised an extra $21.4 million to support its new focus on Ethereum (ETH). This money came from underwriters who decided to purchase additional shares following a public offering last week. With this additional funding, Bit Digital plans to expand its Ethereum treasury and shift its focus away from Bitcoin mining. This move positions the firm at the center of a growing trend among public companies that are choosing crypto asse...
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