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BTC Digital Ltd. Expands Public Offering with Over-Allotment Exercise

In a significant development for blockchain technology enthusiasts and investors, BTC Digital Ltd. (NASDAQ: BTCT) has taken an important step in its public offering journey. The company, which specializes in blockchain solutions, has announced the exercise of an over-allotment option by its underwriter,
allowing it to sell 228,853 additional Ordinary Shares at a public offering price of $8.00 per share. This strategic move is projected to generate approximately $1.8 million in gross proceeds, bringing the total capital raised during this public offering to around $8.8 million.

The increased offering aligns with BTC Digital’s objective of expanding its footprint in the blockchain sector. According to the company, the proceeds will aid in the further development of its operations focused on cryptocurrency mining, data centers, and ancillary services that support the evolving needs of the blockchain community.

This increase in offering quantity is a testament to BTC Digital's growing market confidence and its commitment to financial health and substantial business performance. With the closing of these additional shares expected to occur on December 12, 2024, the company remains optimistic that these actions will bolster its operational and strategic initiatives moving forward.

Aegis Capital Corp., acting as the sole book-running manager for this public offering, has played a key role in facilitating this transaction. This underwriter’s confidence reflects the potential that the market sees in BTC Digital’s future endeavors.

The public offering is executed under an effective shelf registration statement previously filed with the U.S. Securities and Exchange Commission (SEC). The company encourages interested parties to review the full terms outlined in their final prospectus supplement, which is readily available on the SEC's website. This document divulges critical insights about BTC Digital's operational strategies and future outlook, making it a valuable read for potential investors.

In a broader context, BTC Digital aims to make a substantial impact across the metaverse and cryptocurrency mining sectors, signaling an increased commitment to innovation and sustainability in the blockchain landscape. This public offering is part of the company’s long-term strategy to construct strong foundations for blockchain-related businesses across North America.

Potential investors, analysts, and industry observers are encouraged to stay tuned for further developments as BTC Digital Ltd. continues to navigate the complexities of the public market, while remaining aligned with its strategic goals in the blockchain domain. The company’s emphasis on transparency during this process is crucial to maintaining trust among stakeholders and fostering a robust investor relationship.

This latest move by BTC Digital Ltd. underscores the increasing interest and investment in blockchain technologies as traditional financial models begin to shift towards decentralized solutions. With this capital increase, BTC Digital is well-positioned to pursue its ambitious projects aimed at revolutionizing the blockchain and cryptocurrency mining segments.

In conclusion, BTC Digital Ltd.’s proactive approach in expanding its public offering serves not only to secure vital funding but also to amplify its presence in the rapidly evolving blockchain technology sphere. Investors and partners alike are encouraged to follow BTC Digital's journey as it strives toward its vision of innovation and leadership in the industry.