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Benzinga
Benzinga
Business
Dylan Berman

BIZARRE: Bit digital stock is tumbling thursday what s going on | Mind Blowing Facts

Bit Digital
Bitcoin,Stack,With,Other,Coin,Pile,Background,,Bitcoin,Concept,,Digital

Bit Digital, Inc. (NASDAQ:BTBT) shares are trading lower Thursday after the company announced a $150 million public offering.

The Details: Bit Digital commenced an underwritten public offering of 75 million ordinary shares priced at $2 each. The company plans to use anticipated proceeds of $150 million to purchase Ethereum (CRYPTO: ETH).

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