Bit Digital Plans to Increase Share Capital to $1 Billion for Ethereum Expansion
Nasdaq-listed Bit Digital intends to raise its authorized share capital from 340 million to 1 billion shares to fund additional Ethereum (ETH) purchases. The plan, approved by the board and set for a September shareholder vote, aims to support the company’s strategy of growing its ETH holdings. Bit Digital is already among the largest public ETH holders, signaling strong confidence in Ethereum’s long-term potential.
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