📢 Gate Square #Creator Campaign Phase 1# is now live – support the launch of the PUMP token sale!
The viral Solana-based project Pump.Fun ($PUMP) is now live on Gate for public sale!
Join the Gate Square Creator Campaign, unleash your content power, and earn rewards!
📅 Campaign Period: July 11, 18:00 – July 15, 22:00 (UTC+8)
🎁 Total Prize Pool: $500 token rewards
✅ Event 1: Create & Post – Win Content Rewards
📅 Timeframe: July 12, 22:00 – July 15, 22:00 (UTC+8)
📌 How to Join:
Post original content about the PUMP project on Gate Square:
Minimum 100 words
Include hashtags: #Creator Campaign
Bit Digital announced the sale of $150 million in stock and the shift from Bitcoin mining to Ethereum staking, causing the stock price to fall nearly 19%.
Gate News bot message, former Bitcoin Mining company Bit Digital's stock price experienced a big dump this week, with a nearly 19% fall over five days, closing at $1.99 on June 27, having dropped 15% in just 24 hours.
Previously, Bit Digital announced a series of significant news, including a $150 million initial public offering (IPO) and a strategic shift towards Ethereum staking. On Thursday, the company announced a large-scale public offering, issuing 75 million shares of common stock to raise $150 million.
Bit Digital announced plans to issue 75 million shares of common stock at a price of $2 per share. The raised funds will be used to acquire ETH, doubling down on its previous decision to transform into a company focused on Ethereum.
After the news broke, the company's stock price fell to a low of $1.86 and then slightly rebounded in after-hours trading.
Earlier, the company decided to abandon its Bitcoin business and instead hold ETH. On Wednesday, the company announced its transformation into a "pure company focused on Ethereum staking and fund management," concentrating on increasing its holdings of ETH.
Source: Cointelegraph