Bit digital inc. purchases 31,057 eth with convertible notes proceeds, raising capital at a premium to mnav

With one of the largest public ethereum treasuries and a majority stake in whitefiber, bit digital is building a forward-looking balance sheet anchored by eth and ai infrastructure new york , oct. 8, 2025 /prnewswire/ -- bit digital, inc. (nasdaq: btbt) ("bit digital" or the "company"), a leading ethereum digital asset treasury company ("dat"), today announced that it has purchased approximately 31,057 ethereum ("eth") using the net proceeds from its recently completed $150 million convertible notes offering, which included the underwriters' full exercise of their over-allotment option. the initial conversion price for the convertible notes of $4.16 per share represents an 8.2% premium to the company's estimated mnav at the time of deal pricing.
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