The BIT Digital (BTBT) shares fell 8% in the US market. Open, falling to $ 2.92 after the company announced an offer of convertible notes of $ 135 million increased.
Bit Digital increased the size of the supply of senior convertible notes of 4.00% of $ 100 million. Insurers have a 30 -day option to buy up to $ 15 million. The notes will mature on October 1, 2030, unless they become previously, they will be redeemed or repurred.
The initial conversion price is established at $ 4.16 per share, which represents a 30% premium on the closing price of September 29 of Digital Bit of $ 3.20. Net income is expected to be around $ 128.9 million, or $ 143.3 million if insurers completely exercise their option.
Bit Digital is intended to use funds mainly to buy ether . From now on, the company has 121,252 ETH at an average acquisition cost of $ 2,635.
Last week there was a similar sales sale with Cipher Mining (encryption), whose shares fell 19% in two days after an issuance of convertible notes.
