Bit Digital announced an increase in the fundraising scale of its convertible bond issuance to $135 million to support the purchase of ETH

ChainCatcher news, according to PR Newswire, Nasdaq-listed company Bit Digital announced that it will increase its fundraising scale through the issuance of convertible bonds from the previous $100 million to $135 million. The transaction of the convertible bond notes is expected to be completed on October 2, 2025, subject to customary closing conditions.

It is reported that the net proceeds from the issuance will primarily be used to purchase Ethereum and may be used by the company for general corporate purposes, including potential investments, acquisitions, and other business opportunities related to digital assets.