NASDAQ listed company Bit Digital (BTBT) announced that it will raise approximately $162.9 million in net proceeds through a stock issuance to establish an Ethereum vault and undergo a comprehensive transformation. Bit Digital stated that it will gradually convert its current holdings of approximately 417.6 bitcoins (worth approximately $44.9 million) into ETH. The company has been accumulating and pledging Ethereum since 2022, and as of the end of the first quarter of 2025, it holds 24434.2 ETH with a total value exceeding $59.8 million. （The Block） https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=44919