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Bit Digital | SC 13G: Statement of acquisition of beneficial ownership by individuals-BlackRock, Inc.(8.2%)

SEC ·  Feb 10 00:35
Summary by Futu AI
On December 31, 2023, BlackRock, Inc., a Delaware-based investment management corporation, filed a Schedule 13G with the Securities and Exchange Commission (SEC), disclosing a significant stake in Bit Digital, Inc., a company specializing in cryptocurrency mining. The filing indicates that BlackRock has acquired a total of 7,398,647 shares of Bit Digital's common stock, which represents 8.2% of the company's class of securities. This move by BlackRock demonstrates its investment strategy and interest in the digital currency space. The Schedule 13G filing, which is required for parties who acquire more than 5% of a company's stock, was signed by Spencer Fleming, Attorney-In-Fact for BlackRock, Inc., and dated February 8, 2024. The filing also lists several subsidiaries of BlackRock that collectively own more than 5% of Bit Digital's outstanding shares. The document emphasizes that the shares were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of Bit Digital.
On December 31, 2023, BlackRock, Inc., a Delaware-based investment management corporation, filed a Schedule 13G with the Securities and Exchange Commission (SEC), disclosing a significant stake in Bit Digital, Inc., a company specializing in cryptocurrency mining. The filing indicates that BlackRock has acquired a total of 7,398,647 shares of Bit Digital's common stock, which represents 8.2% of the company's class of securities. This move by BlackRock demonstrates its investment strategy and interest in the digital currency space. The Schedule 13G filing, which is required for parties who acquire more than 5% of a company's stock, was signed by Spencer Fleming, Attorney-In-Fact for BlackRock, Inc., and dated February 8, 2024. The filing also lists several subsidiaries of BlackRock that collectively own more than 5% of Bit Digital's outstanding shares. The document emphasizes that the shares were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of Bit Digital.
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