B. Riley Securities acted as sole bookrunner in a $172.5 million follow-on offering for Bit Digital, Inc. Bit Digital is a publicly traded digital asset platform focused on Ethereum-native treasury and staking strategies. The company began accumulating and staking Ethereum (ETH) in 2022 and now operates one of the largest institutional ETH staking infrastructures globally.

Net proceeds from the transaction will be used to procure additional ETH and expand its long-term accumulation and staking of ETH as a core treasury asset. For more information on this transaction, visit here.
B. Riley Securities' Investment Banking team was led by Joe Nardini and Patrick Hanniford, and included Alex Wolodzko and Hayden Kickbush. Our Capital Markets team was led by Jimmy Baker, Ryan Aceto, and included Dawn Farrell, Kathy Innis and Sam Cook.