Bit Digital has reached a stock placement financing agreement of approximately $67.3 million to continue purchasing ETH

According to Golden Finance, Nasdaq listed company Bit Digital, Inc. announced that it has reached a stock placement agency agreement with B. Riley Securities, Inc. to sell 22 million common shares at an issue price of $3.06 per share, with an expected fundraising scale of approximately $67.3 million. The company plans to use the net proceeds from this fundraising to purchase Ethereum (ETH). It is reported that the preliminary prospectus supplement documents and final prospectus supplement documents related to this issuance have been submitted to the US Securities and Exchange Commission.