Bit Digital, a Nasdaq-listed crypto firm, is deepening its commitment to Ethereum as it pivots from its previous Bitcoin-centric operations. In a July 25 filing with the US Securities and Exchange Commission (SEC), the company proposed a significant increase in authorized share capital, from 340 million to 1 billion ordinary shares. Bit Digital Proposes $10 Million Raise to Expand Ethereum Reserves According to the filing, the new capital will primarily fund Ethereum acquisitions. The firm stated that its goal is to raise approximately $10 million, with a shareholder vote scheduled for September 10
source: https://beincrypto.com/bit-digital-billion-dollar-ethereum-bet/