BTC Digital, a US-listed company, plans to raise $6 million to purchase ETH

2025/07/15 21:27

PANews reported on July 15 that according to PR Newswire, Nasdaq-listed BTCDigital announced that it has reached a final agreement with institutional investors to raise US$6 million through the issuance of common stock. The transaction is expected to be completed around July 16, 2025, subject to customary closing conditions. The company expects to use the net proceeds from this issuance and its existing cash to purchase ETH.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Crypto-backed group gathers $141M funding to influence US elections

Crypto-backed group gathers $141M funding to influence US elections

Fairshake reported raising $52 billion from the crypto industry in the first half of 2025, at a time when candidates previously supported by the PAC were providing crucial votes.
Share
PANews2025/07/16 03:44
Maxine Waters Warns GOP Crypto Bills Could Trigger America’s First Crypto-Financial Crisis

Maxine Waters Warns GOP Crypto Bills Could Trigger America’s First Crypto-Financial Crisis

The United States is heading for its first crypto-financial crisis thanks to “GOP crypto bills” set to advance through Congress this week, Representative Maxine Waters (D-CA) said in a July 14 op-ed for MSNBC. On Day 3 of Anti-Crypto Corruption Week, I’m sounding the alarm in my @MSNBC op-ed: GOP crypto bills don’t just fail to protect consumers, they greenlight Trump’s billion-dollar crypto grift and invite the next financial crisis. Read more: https://t.co/TEBKJsQjIy pic.twitter.com/j3qDPP8FeM — Maxine Waters (@RepMaxineWaters) July 15, 2025 Maxine Waters Warns of First Crypto Financial Crisis Titled “My colleagues in Congress are making a mistake advancing these crypto bills,” Waters’ piece slams both the GENIUS Act and the CLARITY Act as “especially dangerous.” “The CLARITY and GENIUS bills wrap themselves in the flag of innovation, but all they really do is replicate the same mess that led to past financial crises: They call for few regulations, minimal enforcement, weak consumer protections, and more industry consolidation,” Waters said. The congresswoman further criticized the bills as potential vehicles that would “legalize the unprecedented crypto corruption” by U.S. President Donald Trump after he launched his own $TRUMP memecoin in January 2025. “What we’re witnessing isn’t just unethical; it’s the largest fraud and abuse of power in modern history,” Waters wrote. “If these bills become law, America will eventually face its first crypto-financial crisis,” she added. “And when that happens, my Republican colleagues will likely point fingers at everyone but themselves, just as they’ve always done, and say they had no idea this could happen.” Political Polarization Over Crypto Heats Up News of Waters’ op-ed comes as Republicans acknowledge the first-ever “Crypto Week” on Capitol Hill as digital asset legislation moves through Congress. In response, Waters and fellow Congressman Stephen Lynch (D-MA) announced that the week of July 14 would also be known as “Anti-Crypto Corruption Week” in opposition to their political opponents’ mobilization to pass crypto legislation. “These bills would make Congress complicit in Trump’s unprecedented crypto scam—one that has personally enriched himself, his entire family, and the billionaire insiders in his cabinet, all while defrauding investors,” Waters said in a July 11 statement. However, it is still unclear just which pieces of crypto legislation will make it to the Oval Office for ratification.
Share
CryptoNews2025/07/16 04:11