Bit Digital underwriters fully exercised the purchase option, raising $162.9 million, which may be used to purchase ETH

Odaily News Bit Digital (Nasdaq: BTBT) announced today that the underwriters of its public offering have fully exercised their option to purchase an additional 11.25 million shares of common stock, bringing the company additional net proceeds of approximately $21.4 million. The total net proceeds raised in this round of offering are approximately $162.9 million.
The company said it plans to use part of the funds to purchase Ethereum. Currently, Bit Digital focuses on Ethereum's native treasury and pledge strategy, and operates one of the world's largest institutional-level Ethereum pledge infrastructures. (prnewswire)