Shares of BTC Digital Ltd. (BTCT) are down 7.42% in pre-market trading on Tuesday, July 15, 2025, falling to $3.62. This comes after the stock closed at $3.91 in the previous session.
The company recently raised approximately $6.0 million through a registered direct offering of its Ordinary Shares at $3.00 per share with institutional investors. BTC Digital Ltd. intends to use the net proceeds, along with existing cash, to purchase Ethereum. The transaction is expected to close on or about July 16, 2025.
