July 16, 2025 - B. Riley Securities, Inc. ("BRS"), a leading middle market investment bank, is pleased to have acted as sole placement agent for Bit Digital, Inc. (Nasdaq: BTBT) in connection with a registered direct offering, which consisted of 22 million ordinary shares at a purchase price of $3.06 per share, resulting in gross proceeds of $67.3 million.
Bit Digital is a publicly traded digital asset platform focused on Ethereum-native treasury and staking strategies, and currently operates one of the largest institutional ETH staking infrastructures globally.
Bit Digital intends to use the net proceeds from the registered direct offering to acquire additional ETH, expanding its long-term accumulation and staking of ETH as a core treasury asset. For more information on this transaction, visit here.
BRS' investment banking team was led by Joe Nardini and Patrick Hanniford and included Alex Wolodzko and Hayden Kickbush.
Our capital markets team was led by Jimmy Baker and Ryan Aceto and included Dawn Farrell, Sam Cook and Forbes Aggabao.
About B. Riley Securities (BRS)
BRS provides a full suite of investment banking and capital markets services to corporations, financial sponsors, and institutional investors across all industry verticals. Investment banking services include initial, secondary, and follow-on offerings, institutional private placements, merger and acquisition (M&A) advisory, SPACs, corporate restructuring and liability management. Widely recognized for its thematic proprietary equity research, clients benefit from BRS' extensive network, industry expertise, and proven execution capabilities of its end-to-end financial services platform. For more information, visit www.brileysecurities.com.