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Bit Digital Shares Slide 8% on $135M Upsized Convertible Note

INFRASTRUCTURE
ETH
BULLISH
🔴 BREAKING

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TL;DR

Bit Digital's shares dropped 8% after announcing an upsized $135 million convertible note offering to purchase ether. The notes mature in 2030 with an initial conversion price set at $4.16 per share.

Summary

Bit Digital's shares dropped 8% after announcing an upsized $135 million convertible note offering to purchase ether. The notes mature in 2030 with an initial conversion price set at $4.16 per share.

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By James Van Straten

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