Bit Digital plans to issue $100 million in convertible notes to acquire more ETH.

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On September 30, Bit Digital (BTBT) announced that it has proposed the issuance of $100 million in convertible notes to increase its holdings of more ETH. Bit Digital has submitted a preliminary prospectus to the U.S. Securities and Exchange Commission (SEC), with Barclays Bank, Cantor, and B. Riley Securities serving as the lead underwriters for this issuance. Bit Digital (BTBT) currently ranks fifth among Ethereum encryption treasury (DAT) companies, holding approximately 120,000 ETH, valued at around $483 million.

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