Bit Digital Inc. has announced a $67.3 million registered direct offering aimed at significantly expanding its Ethereum-based operations.
The offering, disclosed on July 14, involves the sale of 22 million ordinary shares at $3.06 each to select institutional investors.
🚨 NEW: Bit Digital to raise $67.3 million through a direct offering.
Funds will be used to buy more $ETH for its treasury.
Ethereum is becoming a corporate treasury asset.
Let that sink in. pic.twitter.com/6eaNJ9DgyK
— The Crypto Times (@CryptoTimes_io) July 15, 2025
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. According to Bit Digital, net proceeds will be used primarily for purchasing Ethereum, reinforcing the company’s pivot toward Ethereum-native treasury and staking strategies.
This latest raise aligns with Bit Digital’s evolving focus on institutional Ethereum staking. Since 2022, the firm has aggressively built out one of the largest staking infrastructures in the space, offering validator operations, yield optimization, protocol governance, and secure custody services. The fresh capital injection will further support those efforts as the company seeks to deepen its footprint across Ethereum’s on-chain ecosystem.
The offering was made under an existing shelf registration statement previously filed with and approved by the U.S. Securities and Exchange Commission. Final offering documents will be available on the SEC’s website.
Bit Digital’s move comes as institutional demand for on-chain yield continues to rise, with Ethereum emerging as a dominant platform for staking-based returns. By strengthening its ETH treasury and validator network, the company is positioning itself as a key player in bridging traditional capital with decentralized finance infrastructure.
This marks another step in Bit Digital’s strategy to offer compliant, scalable access to crypto yield at a time when many traditional firms are cautiously entering the digital asset market. Further underscoring this pivot, Bit Digital has now accumulated over 100,000 ETH, marking one of the largest crypto treasury reallocations by a publicly traded company. The move signals a bold and deliberate redefinition of its corporate identity, positioning it at the forefront of institutional Ethereum adoption.
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