Bit Digital, Inc. Launches Public Offering to Expand Ethereum Holdings and Infrastructure

Bit Digital, Inc. Announces Pricing of Public Offering

On June 26, 2025, Bit Digital, Inc. (Nasdaq: BTBT) disclosed the pricing of its latest underwritten public offering. The company plans to offer 75 million ordinary shares at a price of $2.00 per share, which will yield gross proceeds of approximately $150 million before costs associated with underwriting and other expenses.

This initiative is part of Bit Digital's strategy to reinforce its position in the cryptocurrency space, particularly through the acquisition of Ethereum. The firm has indicated that the funds generated from this offering will primarily be allocated towards purchasing Ethereum assets, which is in line with their established approach towards Ethereum treasury and staking activities.

Moreover, the offering includes a provision for underwriters to purchase an additional 11.25 million shares within a 30-day window after the initial offer, an option that could further amplify proceeds.

The planned closing date for the offering is expected around June 27, 2025, pending the fulfillment of standard closing conditions. In this undertaking, B. Riley Securities is acting as the sole bookrunning manager, while Clear Street, Craig-Hallum, and Northland Capital Markets are serving as co-managers to oversee the process.

The shares being offered come from a shelf registration statement filed with the Securities and Exchange Commission (SEC). This registration, originally submitted on April 30, 2025, was declared effective on June 20, 2025. Interested investors can access a preliminary prospectus supplement that relates to the offering, while final documents will soon be available for review on the SEC’s website.

It is crucial to note that this announcement is not an offer to sell or solicit offers for these securities outside the jurisdictions where such transactions would be unlawful.

About Bit Digital

Bit Digital is at the forefront of the digital asset landscape, concentrating on Ethereum-focused treasury and staking strategies. Since its pivot towards Ethereum operations in 2022, Bit Digital has ascended to being one of the leading institutional Ethereum staking platforms globally. Their extensive infrastructure facilitates advanced validator operations, top-tier custody services, and active governance across protocols. Additionally, Bit Digital is actively improving yield optimization strategies to maximize returns for stakeholders.

The company is committed to forging strategic partnerships within the Ethereum ecosystem, thereby providing clients with secure, scalable, and compliant access to on-chain yield generation opportunities. For any inquiries or additional insights, stakeholders may reach out via their email at [email protected].

Investor Notice and Safe Harbor Statement

This press release may contain various forward-looking statements regarding Bit Digital, Inc., which involve risks and uncertainties that could cause actual results to differ significantly. Investors are advised to consider these risks, including those detailed in the company's filings with the SEC, before making investment decisions.

With Bit Digital continuously evolving in an increasingly competitive digital asset space, this public offering is anticipated to enhance its operational and financial stability, thus setting the groundwork for future endeavors in Ethereum and beyond.