Bit Digital Plans to Increase Capital to 1 Billion Common Shares to Expand Investment in Ethereum
On July 26, 2025, Bit Digital, a cryptocurrency mining company currently listed on Nasdaq, issued a letter to shareholders announcing plans to hold a Shareholders' Meeting on September 10, 2025. At this meeting, the company is expected to pass a resolution to increase capital to support its strategy of accumulating more Ethereum (ETH).
Specifically, Bit Digital proposes to increase the number of authorized common shares from 340 million to 1 billion, with the par value remaining unchanged at $0.01 per share. Additionally, the number of preferred shares will remain at 10 million with the same $0.01 par value. The total nominal value of the adjusted shares will increase from approximately $3.5 million to over $10.1 million.
Bit Digital's management stated that this capital expansion aims to raise additional financial resources to continue its digital asset portfolio expansion strategy, particularly to increase its Ethereum (ETH) holdings.
