Bit Digital announces an expansion of its capital and plans to increase its holdings of ETH.

[Coin World] On July 26, news emerged that Bit Digital, a Nasdaq-listed company, has released a shareholder letter announcing a shareholder meeting scheduled for September 10, 2025. At that meeting, a resolution will be passed to increase the company's authorized capital from 340,000,000 shares of common stock with a par value of $0.01 each and 10,000,000 shares of preferred stock with a par value of $0.01 each (valued at approximately $3.5 million) to 1,000,000,000 shares of common stock with a par value of $0.01 each and 10,000,000 shares of preferred stock with a par value of $0.01 each (valued at approximately $10.1 million). The funds raised from the expanded capital will be used to continue increasing holdings of ETH.