04:41 AM EDT, 09/30/2025 (MT Newswires) -- Bit Digital ( BTBT ) said Tuesday it priced a $135 million public offering of 4% convertible senior notes due Oct. 1, 2030, upsized from a previously planned $100 million.

Underwriters have a 30-day overallotment option to purchase up to an additional $15 million of the notes.

The company said the offering is expected to generate about $128.9 million in net proceeds, which will go toward the acquisition of Ethereum, among other things.

The offering is expected to close Thursday.

Bit Digital ( BTBT ) shares were down 5.3% in recent premarket activity.