BTC Digital to Raise $6 Million Through Stock Offering

According to Odaily, Nasdaq-listed company BTC Digital has reached a definitive agreement with institutional investors to raise $6 million through the issuance of common stock. The transaction is expected to be completed around July 16, 2025, subject to customary closing conditions. The company plans to use the net proceeds from this offering, along with its existing cash, to purchase ETH.