Bit Digital’s Bold Move: Expanding Share Cap to 1 Billion – Could This Be the Game-Changer in Ethereum’s Future?
Bit Digital, the digital asset miner pivoting from Bitcoin to Ethereum treasury, will hold a key shareholder meeting in September to seek approval to triple its authorized share capital in support of its Ethereum accumulation plan and growth initiative, a Friday SEC filing has revealed.
The company plans to raise the number of authorized ordinary shares from 340 million to 1 billion, increasing its authorized share capital from $3.5 million to $10.1 million. Preference shares would remain capped at 10 million.
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