Nasdaq-listed company BitDigital plans to increase its authorized share capital to 1 billion common shares to raise funds to continue to increase its ETH holdings

Odaily Planet Daily reported that Nasdaq-listed company BitDigital has issued a shareholder letter announcing that it plans to hold a shareholders' meeting on September 10, 2025, at which time a resolution will be passed to increase the company's authorized share capital from 340,000.000 common shares with a par value of US$0.01 per share and 10,000.000 preferred shares with a par value of US$0.01 per share (valued at a total of approximately US$3.5 million) to 1.000.000.000 common shares with a par value of US$0.01 per share and 10,000.000 preferred shares with a par value of US$0.01 per share (valued at a total of approximately US$10.1 million). The funds raised from the expansion of the share capital will be used to continue to increase holdings of ETH.