BTCT is trading 6.8% up at $0.79 following the announcement of a $7 million private placement with institutional investors.
- The company is selling over 6.1 million common units, with the transaction expected to close around June 29, 2026, subject to customary conditions.
- This financing news is the primary driver of the stock's pre-market rebound, helping it recover from a steep decline experienced on June 26.