Bit Digital Announces $67.3M Direct Offering

An announcement from Bit Digital ( (BTBT) ) is now available.

On July 14, 2025, Bit Digital, Inc. announced a placement agency agreement with B. Riley Securities, Inc. for a registered direct offering of 22 million ordinary shares at $3.06 per share, resulting in gross proceeds of approximately $67.3 million. The offering, which closed on July 15, 2025, is intended to fund the purchase of Ethereum, reflecting Bit Digital’s strategic focus on expanding its Ethereum-native operations and staking capabilities, potentially enhancing its market position in the digital asset industry.

The most recent analyst rating on (BTBT) stock is a Buy with a $6.00 price target. To see the full list of analyst forecasts on Bit Digital stock, see the BTBT Stock Forecast page.

Spark’s Take on BTBT Stock

According to Spark, TipRanks’ AI Analyst, BTBT is a Neutral.

The overall score reflects strong corporate events and earnings call insights, including growth in cloud services and strategic expansions. However, financial performance is hindered by profitability issues, and technical analysis indicates potential overvaluation.

To see Spark’s full report on BTBT stock, click here.

More about Bit Digital

Bit Digital is a publicly traded digital asset platform that focuses on Ethereum-native treasury and staking strategies. The company, which began accumulating and staking ETH in 2022, operates one of the largest institutional Ethereum staking infrastructures globally. Its platform includes advanced validator operations, institutional-grade custody, active protocol governance, and yield optimization, aiming to provide secure, scalable, and compliant access to onchain yield through strategic partnerships across the Ethereum ecosystem.

Average Trading Volume: 27,260,392

Technical Sentiment Signal: Buy

Current Market Cap: $944.2M

For a thorough assessment of BTBT stock, go to TipRanks’ Stock Analysis page.