BTC Digital announces closing of $6M registered direct offering

BTC Digital (BTCT) announced the closing of the previously announced registered direct offering with institutional investors of approximately $6M of the company’s Ordinary Shares at a price of $3.00 per Ordinary Share. The offering consisted of the sale of 2,000,000 Ordinary Shares. Aggregate gross proceeds to the company were approximately $6M before deducting fees to the placement agent and other expenses payable by the company. The transaction closed on July 16, 2025. The company expects to use the net proceeds from the offering, together with its existing cash, for the purchase of Ethereum. Aegis Capital Corp. acted as exclusive placement agent for the offering. VCL Law LLP acted as U.S. counsel to the company.