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Gate Square New & Returning Creator Rewards are ongoing!
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Bit Digital will raise $100 million through convertible bonds to expand its Ethereum reserves.
According to news from Hash World Chain, Bit Digital, a treasury company for Ethereum, plans to raise funds by issuing $100 million in convertible bonds to purchase more Ether. The company has submitted a preliminary prospectus to the U.S. Securities and Exchange Commission, with Barclays, Cantor, and B. Riley Securities as the lead underwriters. Since July, Bit Digital has not made large purchases of Ether, but has been accumulating and staking ETH since 2022.
$ETH #BitGo Ethereum #Blockchain Cryptocurrency #BitDigital