BTC Digital Ltd announced that it has entered into subscription agreements for a private placement to issue 303,497 ordinary shares at an issue price $3.342 per share for total gross proceeds of $1,014,286.974 on December 14, 2023. The transaction will include participation from three individual investors. The transaction is expected to close on or about January 3, 2024.

The transaction has been approved by the board of directors of the company.