Bit Digital’s Bold Move: Expanding Share Cap to 1 Billion – Could This Be the Game-Changer in Ethereum’s Future?
“Our management believes that our current authorized share capital is not sufficient for our needs,” the company said in the filing.
The proposal requires approval from a majority of ordinary and preference shareholders. The board unanimously recommended that shareholders vote in favor of the increase.
Bit Digital has grown its Ethereum holdings to 120,306 ETH, valued at approximately $450 million, CoinGecko data shows. It is one of the largest publicly traded institutional holders of Ethereum, trailing behind only Bitmine Immersion Technologies and SharpLink Gaming.
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