Bit Digital Shares Slide 8% on $135M Upsized Convertible Note

Bit Digital (BTBT) shares slid 8% at the U.S. market open, dropping to 135 million convertible note offering. Bit Digital increased the size of the 4.00% convertible senior notes offering from 15 million. The notes will mature on Oct. 1, 2030, unless earlier converted, redeemed or repurchased. The initial conversion price is set at $4.16 per share, representing a 30% premium over ...