US-listed company Bit Digital plans to increase its authorized share capital to buy more ETH

July 26th. According to SEC filings, the publicly traded company Bit Digital (BTBT) in the U.S. disclosed that a significant shareholder meeting is scheduled to be held on September 10, 2025, at 9:00 AM at the company's main office address (11th floor, 31 Hudson Yards, New York, New York, USA), with the option of online streaming available. Shareholders can attend the meeting in person or participate through online streaming to exercise their voting rights and submit questions during the meeting. The meeting will deliberate on approving an increase in the company's authorized capital from $3.5 million (comprising 340 million common shares with a par value of $0.01 per share; and 10 million preferred shares with a par value of $0.01 per share) to $10.1 million (consisting of 1 billion common shares with a par value of $0.01 per share; and 10 million preferred shares with a par value of $0.01 per share). Bit Digital stated that the company intends to raise a significant amount of additional equity financing in the near future to drive its growth strategy, especially its Ethereum acquisition strategy. The management believes that the current authorized share capital is not sufficient to meet its requirements.