Why Bit Digital’s Bold ETH Gamble and $1 Billion Share Strategy Could Flip the Crypto Game Forever
Bit Digital’s Ethereum bet
Filed with the U.S SEC on 25 July, the move signals Bit Digital’s intent to raise $10 million, primarily for Ethereum acquisitions, with a crucial shareholder vote set for 10 September.
Alongside its capital expansion proposal, the firm clarified that the proceeds from its planned share issuance will not only go towards Ethereum acquisitions, but will also support broader corporate ambitions.
These include potential mergers and acquisitions, employee compensation, dividend payments, and operational expenses, marking a comprehensive strategy to align corporate growth with crypto exposure.
Post Comment