Bit Digital Secures $172.5 Million in Successful Offering with White & Case's Expertise

Deal News | Jul 03, 2025 | White & Case LLP

Bit Digital Secures $172.5 Million in Successful Offering with White & Case's Expertise

Global law firm White & Case LLP has advised Bit Digital, Inc., a prominent player in the digital asset platform space, on a $172.5 million underwritten public offering. The offering involved 86.25 million ordinary shares at a price of $2.00 per share. Following the offering, and accounting for underwriting discounts and expenses, Bit Digital is expected to net approximately $162.9 million. The funds are earmarked to enhance Bit Digital's Ethereum staking operations, a significant move for one of the largest companies in this domain. The White & Case team was led by key partners from various specialties, demonstrating the firm's comprehensive legal expertise across multiple jurisdictions.

Sectors

  • Digital Assets
  • Legal Services

Geography

  • United States – Bit Digital is publicly traded and White & Case has team members in multiple US cities, including Houston, New York, Washington, DC, and Silicon Valley.

Industry

  • Digital Assets – The article discusses Bit Digital, which operates a digital asset platform focusing on Ethereum-native treasury and staking strategies.
  • Legal Services – White & Case LLP, a global law firm, provided legal advisory services for the public offering.

Financials

  • US$172.5 million – Total proceeds from the public offering comprised of 86.25 million shares.
  • US$162.9 million – Net proceeds to Bit Digital after underwriting discounts and expenses.

Participants

NameRoleTypeDescription
Bit Digital, Inc.Client/TargetCompanyA publicly traded digital asset platform focusing on Ethereum-native treasury and staking strategies.
White & Case LLPLegal AdvisorCompanyA global law firm advising Bit Digital on the underwritten public offering.