04:58 PM EDT, 09/29/2025 (MT Newswires) -- Bit Digital ( BTBT ) reported late Monday a proposed public offering of $100 million of its convertible senior notes due 2030.

The underwriters in the offering will be given a 30-day option to buy an additional $15 million in notes, to cover over-allotments.

The company plans to use net proceeds to buy Ethereum and fund potential investments, acquisitions and other business opportunities in digital assets, the firm added.

Bit Digital ( BTBT ) shares were down around 11% in recent after-market activity.