Bit Digital Inc. BTBT has successfully raised approximately $163 million through an underwritten share offering, with the full exercise of underwriters’ option enabling the company to launch an Ethereum ETH/USD treasury initiative.

What Happened: The Nasdaq-listed firm issued 86.25 million ordinary shares, securing net proceeds of $162.9 million to acquire and stake ETH as part of its corporate treasury strategy.

This move reflects a growing trend among public companies adopting crypto treasury strategies.

BitMine Immersion Technologies BMNR recently completed a $250 million private placement to establish an ETH treasury, signaling its transition from Bitcoin-only holdings.

Benzinga