Bit Digital Plans Major Capital Increase to Accelerate Ethereum Acquisition Strategy
Main Idea
Bit Digital plans to increase its authorized capital to accelerate Ethereum acquisition, with a special shareholders meeting scheduled for September 10, 2025.
Key Points
1. Bit Digital has scheduled a special shareholders meeting for September 10, 2025, to be held in New York City and online.
2. The company aims to increase its authorized capital from $3.5 million to $10.1 million.
3. The number of common shares will expand from 340 million to 1 billion, while preferred shares remain unchanged.
4. The capital increase is intended to accelerate growth initiatives, particularly in expanding its Ethereum holdings.
Description
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