Bit Digital, an Ethereum treasury firm, announced plans to raise $100 million through a convertible bond offering. The proceeds will primarily fund Ethereum purchases, with potential allocations for corporate purposes, including investments and acquisitions in digital assets. The company has filed a preliminary prospectus with the U.S. SEC, with Barclays, Cantor, and B. Riley Securities as lead underwriters. Bit Digital, which has been accumulating and staking Ethereum since 2022, has not made significant Ethereum purchases since July.