BTC Digital, a publicly listed company in the US stock market, plans to raise $6 million to purchase ETH

ChainCatcher news, Nasdaq-listed company BTC Digital announced that it has reached a final agreement with institutional investors to raise $6 million through the issuance of common stock. This transaction is expected to be completed around July 16, 2025, but is subject to customary closing conditions. The company expects to use the net proceeds from this issuance and its existing cash to purchase ETH.