White & Case advises Bit Digital on registered direct offering of ordinary shares

Global law firm White & Case LLP has advised Bit Digital, Inc., a publicly traded digital asset platform focused on Ethereum-native treasury and staking strategies, on its registered direct offering of 22 million ordinary shares at a price of US$3.06 per share.

Bit Digital intends to use the net proceeds from this offering to purchase Ethereum, further advancing the company's Ethereum staking operations, already one of the largest of its kind globally.

This offering follows Bit Digital's recent approximately US$172 million underwritten public offering, on which White & Case also advised Bit Digital. Bit Digital used the net proceeds from that offering to purchase Ethereum.

The White & Case team was led by Capital Markets partner Laura Katherine Mann (Houston) and M&A partner Prat Vallabhaneni (New York), and included Tax partner Neil Clausen (Houston); and Capital Markets associates Melissa Curvino (New York), Bryson Manning, Brandon Wong, Chanel Holmes and Daniel Quesenberry (all in Houston).

Press contact
For more information please speak to your local media contact.