The post Bit Digital Plans to Increase Share Capital to $1 Billion for Ethereum Expansion appeared first on Coinpedia Fintech News
Nasdaq-listed Bit Digital intends to raise its authorized share capital from 340 million to 1 billion shares to fund additional Ethereum (ETH) purchases. The plan, approved by the board and set for a September shareholder vote, aims to support the company’s strategy of growing its ETH holdings. Bit Digital is already among the largest public ETH holders, signaling strong confidence in Ethereum’s long-term potential.