According to the source, a social post claims Bit Digital (NASDAQ: BTBT) plans a $100 million convertible senior note offering to purchase ETH and for digital asset-related corporate purposes. This cannot be validated here without a primary issuer document. Traders should confirm via Bit Digital’s investor relations page or SEC EDGAR for a Form 8-K, press release, or a 424B5 prospectus, as material financings are typically disclosed in current reports (source: U.S. SEC Form 8-K; SEC EDGAR). Once verified, focus on coupon, conversion price and cap, maturity, and use-of-proceeds language to assess dilution risk and potential ETH purchase capacity (source: U.S. SEC Investor Bulletin on Convertible Securities; Investopedia overview of convertible notes).

According to @cas_abbe, Bit Digital is making a significant move by raising more than $1 billion through new share issuance, with the intent to use all proceeds to purchase Ethereum (ETH). This large-scale acquisition by a public company highlights growing institutional confidence in ETH and could influence market sentiment, potentially boosting ETH's liquidity and price action. Traders should closely monitor ETH's price movements and volume as institutional accumulation may lead to increased volatility and new trading opportunities. Source: @cas_abbe.

According to @rovercrc, publicly traded company Bit Digital has announced plans to raise $1 billion to purchase additional Ethereum (ETH). This large-scale capital raise targets aggressive ETH accumulation, potentially increasing institutional demand and impacting Ethereum’s price dynamics. Traders should closely monitor secondary ETH markets for increased volatility and price action following this announcement. Source: @rovercrc.