Bit Digital Faces Stock Decline Amid $100 Million Convertible Note Offering

Bit Digital's stock has declined following its announcement of a $100 million convertible note offering. While this move aims to strengthen the company's financial position by raising capital, it has raised concerns among investors about potential share dilution and the company's overall financial health. The dual nature of convertible notes presents both opportunities and risks, making it essential for investors to carefully assess the implications.