Bit Digital (Nasdaq: BTBT) has successfully raised approximately $162.9 million in net proceeds from its recent public offering, following the full exercise of the underwriters' option to purchase an additional 11.25 million shares. The company intends to allocate part of these funds towards purchasing Ethereum, enhancing its focus on Ethereum's native treasury and staking strategies. Bit Digital operates one of the largest institutional-grade Ethereum staking infrastructures globally.