Bit Digital Announces Shareholder Meeting
Bit Digital, a publicly traded entity based in the United States, has announced a pivotal shareholder meeting set to take place on September 10, 2025, at 9:00 AM. The gathering will be held at the company’s headquarters located on the 11th floor of 31 Hudson Yards in New York City. For those unable to attend in person, the meeting will also be accessible through an online streaming option.
Key Agenda Item: Capital Increase Proposal
During the meeting, one of the key agenda items will be a proposal to elevate the company’s authorized capital significantly—from its current level of $3.5 million, which includes 340 million common shares and 10 million preferred shares, to a new total of $10.1 million. This revised capital structure would comprise 1 billion common shares, while the preferred shares remain unchanged at 10 million.
Strategic Importance of Capital Increase
Bit Digital emphasizes the necessity of this capital increase as part of its strategy to secure additional equity financing for future initiatives, particularly those related to its Ethereum acquisition ambitions. Company leadership has indicated that their existing capital is inadequate for the growth objectives they aim to achieve.
