Odaily Planet Daily News Nasdaq-listed Bit Digital said on Tuesday that due to the exercise of the underwriters' over-allotment rights, an additional 11.25 million shares were purchased from the public offering last week, and the company raised an additional $21.4 million to support its Ethereum reserve plan. After the over-allotment rights were fully exercised, the total issuance size of this transaction increased to 86.25 million shares, and the net amount of funds raised was approximately US$162.9 million. Bit Digital will use the funds to purchase Ethereum and promote strategic transformation and gradually withdraw from the Bitcoin mining business. In June of this year, the company, which is also involved in mining and staking businesses, announced that it would gradually shut down its Bitcoin mining business and focus on the Ethereum field. As of the end of the first quarter of 2025, Bit Digital held 24,434.2 ETH (worth approximately US$59.8 million). Its stock price rose nearly 4% after the announcement of the news, and its market value rose to US$594 million. (The Block)