Techub News reports, according to The Block, that Nasdaq-listed company Bit Digital announced plans to raise approximately $67.3 million by issuing 22 million shares of common stock to institutional investors, with plans to use the funds to purchase Ethereum. The company had previously converted all of its Bitcoin reserves to Ethereum and, as of July 7, held approximately 100,603 Ethereum, valued at about $301 million. Additionally, Bit Digital revealed that preliminary expected revenue for the second quarter is between $24.3 million and $26.9 million.