BTC Digital Secures $6 Million Funding to Boost ETH Acquisition by July 2025
2025-07-15 13:28:39
Main Idea
BTC Digital has secured $6 million in funding to acquire Ethereum (ETH) by July 2025, aiming to expand its cryptocurrency portfolio.
Key Points
1. BTC Digital, a Nasdaq-listed company, finalized a $6 million funding agreement by July 16, 2025.
2. The funding is subject to standard regulatory and closing requirements.
3. The company plans to use the proceeds, along with existing cash reserves, to acquire Ethereum (ETH).
4. This move is part of BTC Digital's strategy to expand its cryptocurrency holdings.
Description
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
$ETH
$3047.95
+1.49%
$BTC
$116577.5
-2.95%
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