Bit Digital, Inc. Announces Pricing of Public Offering of its Ordinary Shares
Bit Digital (NASDAQ:BTBT) has announced the pricing of an underwritten public offering of 75 million ordinary shares at $2.00 per share, aiming to raise $150 million in gross proceeds. The company plans to use the net proceeds to purchase Ethereum.
The offering includes a 30-day option for underwriters to purchase an additional 11.25 million shares. The offering is expected to close around June 27, 2025. B. Riley Securities serves as the sole bookrunning manager, with Clear Street, Craig-Hallum, and Northland Capital Markets acting as co-managers.
Bit Digital (NASDAQ:BTBT) ha annunciato il prezzo di un'offerta pubblica sottoscritta di 75 milioni di azioni ordinarie a 2,00 dollari per azione, con l'obiettivo di raccogliere 150 milioni di dollari di proventi lordi. La società prevede di utilizzare i proventi netti per acquistare Ethereum.
L'offerta include un'opzione di 30 giorni per gli sottoscrittori di acquistare ulteriori 11,25 milioni di azioni. La chiusura dell'offerta è prevista intorno al 27 giugno 2025. B. Riley Securities è l'unico gestore principale del libro ordini, mentre Clear Street, Craig-Hallum e Northland Capital Markets agiscono come co-gestori.
Bit Digital (NASDAQ:BTBT) ha anunciado el precio de una oferta pública suscrita de 75 millones de acciones ordinarias a 2,00 dólares por acción, con el objetivo de recaudar 150 millones de dólares en ingresos brutos. La compañía planea usar los ingresos netos para comprar Ethereum.
La oferta incluye una opción de 30 días para que los suscriptores compren 11,25 millones de acciones adicionales. Se espera que la oferta cierre alrededor del 27 de junio de 2025. B. Riley Securities actúa como el único administrador principal del libro de órdenes, con Clear Street, Craig-Hallum y Northland Capital Markets como coadministradores.
Bit Digital (NASDAQ:BTBT)는 주당 2.00달러에 7,500만 보통주를 인수인계 공모로 가격을 책정했으며, 총 1억 5천만 달러의 총 수익을 목표로 하고 있습니다. 회사는 순수익을 이더리움 구매에 사용할 계획입니다.
이번 공모에는 인수인계인이 추가로 1,125만 주를 구매할 수 있는 30일 옵션이 포함되어 있습니다. 공모는 2025년 6월 27일경 종료될 예정입니다. B. Riley Securities가 단독 주간사로, Clear Street, Craig-Hallum, Northland Capital Markets가 공동 주간사로 참여합니다.
Bit Digital (NASDAQ:BTBT) a annoncé le prix d'une offre publique souscrite de 75 millions d'actions ordinaires à 2,00 $ par action, visant à lever 150 millions de dollars de produit brut. La société prévoit d'utiliser le produit net pour acheter de l'Ethereum.
L'offre comprend une option de 30 jours permettant aux souscripteurs d'acheter 11,25 millions d'actions supplémentaires. La clôture de l'offre est prévue aux alentours du 27 juin 2025. B. Riley Securities agit en tant que gestionnaire principal unique, avec Clear Street, Craig-Hallum et Northland Capital Markets en tant que co-gestionnaires.
Bit Digital (NASDAQ:BTBT) hat die Preisfestsetzung für ein unterzeichnetes öffentliches Angebot von 75 Millionen Stammaktien zu je 2,00 USD bekannt gegeben, mit dem Ziel, 150 Millionen USD Bruttoerlös zu erzielen. Das Unternehmen plant, die Nettoerlöse zum Kauf von Ethereum zu verwenden.
Das Angebot beinhaltet eine 30-tägige Option für die Underwriter, zusätzliche 11,25 Millionen Aktien zu erwerben. Der Abschluss des Angebots wird voraussichtlich um den 27. Juni 2025 erfolgen. B. Riley Securities fungiert als alleiniger Buchführer, während Clear Street, Craig-Hallum und Northland Capital Markets als Co-Manager tätig sind.
- Significant capital raise of $150 million through public offering
- Strategic investment plan to acquire Ethereum
- Strong underwriting support from multiple financial institutions
- Substantial dilution for existing shareholders with 75 million new shares
- Additional potential dilution from 11.25 million share underwriter option
- Single-asset investment strategy focusing only on Ethereum carries concentration risk
Insights
Bit Digital raising $150M through share offering to purchase Ethereum represents a significant capital influx but substantial dilution for shareholders.
Bit Digital's
What's particularly notable is the company's explicit statement that proceeds will be used to purchase Ethereum rather than for operational expenses, capital investments, or debt reduction. This signals Bit Digital is doubling down on a crypto treasury strategy, essentially converting shareholder equity directly into cryptocurrency exposure. This approach transforms the investment proposition from being purely about Bit Digital's operational capabilities to one that's increasingly tied to Ethereum's price performance.
The pricing at
B. Riley Securities is acting as the sole bookrunning manager in the offering and Clear Street, Craig-Hallum and Northland Capital Markets are acting as co-managers for the offering.
The securities described above are being offered by the Company pursuant to a shelf registration statement on Form S-3, as amended, including a base prospectus, that was originally filed with the Securities and Exchange Commission (the "SEC"), by the Company on April 30, 2025 and was declared effective on June 20, 2025. A preliminary prospectus supplement relating to the offering has been filed with the SEC, and a final prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC and will be available for free on the SEC's website located at http://www.sec.gov. Copies of the final prospectus supplement and the accompanying prospectus relating to the offering may be obtained, when available, from: B. Riley Securities, 1300 17th Street North, Suite 1300,
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About Bit Digital
Bit Digital is a publicly traded digital asset platform focused on Ethereum-native treasury and staking strategies. The Company began accumulating and staking ETH in 2022 and now operates one of the largest institutional Ethereum staking infrastructures globally. Bit Digital's platform includes advanced validator operations, institutional-grade custody, active protocol governance, and yield optimization. Through strategic partnerships across the Ethereum ecosystem, Bit Digital aims to deliver exposure to secure, scalable, and compliant access to onchain yield. For additional information, please contact ir@bit-digital.com.
Investor Notice and Safe Harbor Statement
This press release may contain certain "forward-looking statements" relating to the business of Bit Digital, Inc., and its subsidiary companies. All statements, other than statements of historical fact, included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "intends," "expects," or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under "Risk Factors" in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2024 (Annual Report) and any subsequently filed quarterly reports on Form 10-Q and any Current Reports on Form 8-K. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. If any material risk was to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline and you could lose part or all of your investment. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
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SOURCE Bit Digital, Inc.
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