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Bit Digital Increases Convertible Bond Offering to $135 Million to Support ETH Purchases
2025-09-30 11:30

Odaily Planet Daily reports that Nasdaq-listed Bit Digital announced it will increase its offering size from $100 million to $135 million through a convertible bond offering. The convertible bond offering is expected to close on October 2, 2025, subject to customary closing conditions. Net proceeds from the offering will reportedly be used primarily to purchase Ethereum and may be used by the company for general corporate purposes, including potential investments, acquisitions, and other business opportunities related to digital assets. (PRNewswire)