{"id":34805,"date":"2025-07-02T13:46:34","date_gmt":"2025-07-02T13:46:34","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=34805"},"modified":"2025-07-02T13:46:34","modified_gmt":"2025-07-02T13:46:34","slug":"microstrategy-of-ethereum-approach-gains-popularity-as-bitdigital-raises-163-million","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=34805","title":{"rendered":"&#8216;MicroStrategy Of Ethereum&#8217; Approach Gains Popularity As BitDigital Raises $163 Million"},"content":{"rendered":"<div>\n<p><strong>Bit Digital Inc.<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/BTBT#NASDAQ\">BTBT<\/a>) has successfully raised approximately\u202f$163\u202fmillion through an underwritten share offering, with the full exercise of underwriters&#8217; option enabling the company to launch an <strong>Ethereum <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\">ETH<\/a>) <a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/06\/46177905\/inside-tom-lees-plan-to-build-microstrategy-of-ethereum-at-bitmine\">treasury initiative.<\/a><\/p>\n<p><strong>What Happened: <\/strong>The Nasdaq-listed firm <a href=\"https:\/\/www.prnewswire.com\/news-releases\/bit-digital-inc-announces-full-exercise-of-underwriters-option-to-purchase-additional-ordinary-shares-302495965.html\">issued<\/a> 86.25\u202fmillion ordinary shares, securing net proceeds of $162.9\u202fmillion to acquire and stake ETH as part of its corporate treasury strategy.<\/p>\n<p>This move reflects a growing trend among public companies adopting crypto treasury strategies. <\/p>\n<p><strong>BitMine Immersion Technologies<\/strong> (AMEX:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/BMNR#AMEX\">BMNR<\/a>) recently completed a $250\u202fmillion private placement to establish an ETH treasury, signaling its transition from Bitcoin-only holdings.<\/p>\n<p>Similarly, <strong>SharpLink Gaming<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/SBET#NASDAQ\">SBET<\/a>), a Nasdaq-listed entity, became the largest public ETH holder, expanding its treasury to 198,167 ETH by &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/07\/46219486\/microstrategy-of-ethereum-approach-gains-popularity-as-bitdigital-raises-163-million\" alt=\"'MicroStrategy\" of ethereum approach gains popularity as bitdigital raises million>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bit Digital Inc. (NASDAQ:BTBT) has successfully raised approximately\u202f$163\u202fmillion through an underwritten share offering, with the full exercise of underwriters&#8217; option enabling the company to launch an Ethereum (CRYPTO: ETH) treasury initiative. What Happened: The Nasdaq-listed firm issued 86.25\u202fmillion ordinary shares, securing net proceeds of $162.9\u202fmillion to acquire and stake ETH as part of its corporate [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-34805","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34805"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34805\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}