24/7 Market News Snapshot 16 July, 2025 – Bit Digital, Inc. Ordinary Shares (NASDAQ:BTBT)

July 16, 2025

DENVER, Colo., 16 July, 2025 (www.247marketnews.com) – (Nasdaq:BTBT) are discussed in this article.
Bit Digital, Inc. (Nasdaq:BTBT) has experienced a notable surge in its stock performance today, opening at $3.50 and reaching current trading levels of $3.935, equating to a robust increase of approximately 19.60%. This growth follows a prior session close of $3.290, demonstrating significant upward momentum which has attracted considerable investor interest, evidenced by a trading volume of 89.32 million shares. The technical analysis indicates that the price has successfully breached critical resistance levels, signaling bullish market sentiment. However, with Relative Strength Index (RSI) metrics suggesting potential overbought conditions, investors are advised to remain vigilant regarding volume trends and support levels around $3.70 to anticipate any possible pullbacks.

In conjunction with this market activity, Bit Digital has announced a strategic initiative aimed at enhancing its presence in the digital asset landscape. The company has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) for the initial public offering (IPO) of its wholly-owned subsidiary, WhiteFiber Inc. This effort is poised to elevate WhiteFiber’s contributions to the digital sector, although the specifics regarding the number of shares and price range remain undetermined.

B. Riley Securities and Needham & Company are acting as joint book-running managers for this offering, which will proceed contingent upon market conditions and the SEC review process. This strategic step aligns with Bit Digital’s vision of pioneering innovations in the digital asset space, particularly in Ethereum-native treasury and staking strategies, thereby solidifying its standing as a leader in institutional Ethereum staking infrastructure. As the company moves forward with its IPO plans, stakeholders should monitor for updates, as the registration statement has not yet become effective, ensuring all actions are compliant with securities regulations.

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