PANews reported on September 30 that according to PRNewswire, Nasdaq-listed company Bit Digital announced that it will increase its fundraising scale from the previous US$100 million to US$135 million through the issuance of convertible bonds. The convertible bond note transaction is expected to be completed on October 2, 2025, subject to customary closing conditions. It is reported that the net proceeds from the issuance will be mainly used to purchase Ethereum and may be used by the company for general corporate purposes, including potential investments, acquisitions and other business opportunities related to digital assets.