Techub News reports that Nasdaq-listed company Bit Digital has announced in a shareholder letter its intention to hold a shareholder meeting on September 10. At that time, a resolution will be passed to increase the company's authorized share capital from 340 million shares of common stock with a par value of $0.01 per share and 10 million shares of preferred stock with a par value of $0.01 per share (totaling approximately $3.5 million) to 1 billion shares of common stock with a par value of $0.01 per share and 10 million shares of preferred stock with a par value of $0.01 per share (totaling approximately $10.1 million). The funds raised from the increase in share capital will be used to advance the growth strategy, including increasing holdings in Ethereum.

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