CoinVoice has recently learned that, according to The Block, Nasdaq-listed company Bit Digital announced on July 14 that it plans to raise approximately $67.3 million by directly issuing 22 million common shares to institutional investors. The funds raised will be used entirely to purchase Ethereum (ETH). The price per share is set at $3.06, with B. Riley Securities acting as the placement agent, and the transaction is expected to be completed on July 15.

The week prior, the company had converted its entire Bitcoin inventory into Ethereum and currently holds approximately 100,603 ETH (worth about $301 million). [Original link]