Bit Digital upsizes its convertible note offering to $135 million, with plans to allocate proceeds toward purchasing Ethereum and strengthening its digital asset portfolio.
Bit Digital has increased its planned convertible bond offering from $100 million to $135 million. The offering, which includes a 30% premium on the conversion price, aims to raise net proceeds of $128.9 million, set for allocation toward purchasing Ethereum and other corporate initiatives. The deal closes by October 2, 2025, pending customary conditions.