Blockchain technology firm BTC Digital Ltd. (NASDAQ: BTCT) has confirmed it raised $6 million in gross proceeds through a registered direct offering with institutional investors, solidifying its plans to deepen exposure to Ethereum.
The funding round involved the sale of 2,000,000 ordinary shares at $3.00 per share.
The transaction, expected to close on or about July 16 subject to standard closing conditions, marks a strategic financial milestone. According to the company, the proceeds combined with existing reserves will be used to acquire additional Ethereum (ETH), a move that underscores its commitment to expanding its footprint in the decentralized finance (DeFi) and Web3 space.
💵 Bit Digital Plans $67M Raise to Expand Ethereum Holdings@BitDigital_BTBT announced plans to raise $67 million through a share offering, aiming to use the proceeds to purchase more $ETH and support business growth.#BitDigital #Ethereum #ETH #Crypto pic.twitter.com/crP7Oh0WmZ
— Coinspeaker (@coinspeaker) July 15, 2025
Aegis Capital Corp. is serving as the exclusive placement agent for the deal. Legal counsel includes VCL Law LLP for U.S. matters, AllBright Law Offices for PRC jurisdiction, Conyers Dill & Pearman handling Cayman law, and Kaufman & Canoles, P.C. representing Aegis Capital.
This offering was conducted under an effective shelf registration statement on Form S-3 (File No. 333-283367), approved by the U.S. Securities and Exchange Commission (SEC) on December 5, 2025. A final prospectus supplement will be filed and made accessible via the SEC’s official website.
BTC Digital’s ETH investment strategy reflects a broader institutional pivot toward Ethereum, which continues to gain momentum as a programmable financial asset. The move aligns with a growing trend among blockchain firms prioritizing Ethereum for its role in powering smart contracts and decentralized applications.
Adding to this momentum, Bit Digital Inc. also disclosed a $67.3 million registered direct offering on July 14. That raise involves the sale of 22 million ordinary shares at $3.06 each, with funds earmarked to significantly ramp up the company’s Ethereum-based operations further signaling rising institutional conviction in the asset. The capital raise is being led by B. Riley Securities, which is acting as the exclusive placement agent. The offering is expected to close on or around July 15, pending customary closing conditions.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
