[Ethereum Treasury Company Bit Digital Plans to Raise $100 Million Through Convertible Bond Issuance] According to a report by Jinse Finance, Ethereum digital asset company Bit Digital announced on Monday that it has proposed issuing $100 million in convertible notes to purchase more ETH. In a statement, the company said: 'The net proceeds from this offering will primarily be used to purchase Ethereum and may also be used for general corporate purposes, including potential investments, acquisitions, and other business opportunities related to digital assets.' Bit Digital (Ticker: BTBT) has filed a preliminary prospectus with the U.S. Securities and Exchange Commission. Barclays, Cantor, and B. Riley Securities are acting as the lead underwriters for this offering. In June of this year, Bit Digital, founded in 2015, transitioned from a Bitcoin mining operator to a 'pure-play' Ethereum staking and treasury management company.