24/7 Market News Snapshot 01 July, 2025 – Bit Digital, Inc. Ordinary Shares (NASDAQ:BTBT)

July 1, 2025

DENVER, Colo., 01 July, 2025 (www.247marketnews.com) – (Nasdaq:BTBT) are discussed in this article.
Bit Digital, Inc. (Nasdaq:BTBT) is experiencing bullish momentum in the market, with its stock opening at $2.23 and rising approximately 5.94% to trade at $2.32, driven by strong investor interest and robust trading volume of 86.70 million shares. This heightened activity reflects increasing market confidence, positioning the stock favorably for potential upward movements, particularly with key resistance set around $2.40 and support levels identified at $2.20. Traders are particularly intrigued by the company’s prospects within the cryptocurrency sector, anticipating further price advancements.

Contributing to this favorable market sentiment is Bit Digital’s recent underwritten public offering, where the company’s underwriters fully exercised their option to purchase an additional 11,250,000 ordinary shares, bringing in approximately $21.4 million in net proceeds. The overall capital raised from this offering totals around $162.9 million from the issuance of 86,250,000 ordinary shares, which will significantly support the company’s strategic goals, particularly the acquisition of Ethereum to enhance its digital asset portfolio.

B. Riley Securities acted as the sole bookrunning manager for the offering, with Clear Street, Craig-Hallum, and Northland Capital Markets participating as co-managers, emphasizing strong collaborative efforts within the investment community. Richard F. Johnson, CEO of Bit Digital, expressed confidence in the company’s direction, stating that the successful offering is quintessential for enhancing their Ethereum capabilities and solidifying their position in the digital asset ecosystem.

As Bit Digital continues to develop its operational prowess and institutional-grade services, it remains committed to leveraging its resources to advance Ethereum staking infrastructure. The ongoing developments signal a promising trajectory for both the company and its investors in the dynamic landscape of blockchain technology.

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