Bit Digital, Inc. Announces Strategic Investment In Auros Global Limited
Mar 24, 2023•over 2 years ago
Investors
Bit Digital, Inc.
Description
Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a digital asset mining company headquartered in New York, is pleased to announce a strategic investment in Auros Global Limited ("Auros"). Auros is a leading crypto-native algorithmic trading and market making firm that delivers best-in-class liquidity for exchanges and token projects. This strategic investment advances Bit Digital's goal to maximize risk-adjusted returns of its digital assets, while protecting its business against operational and treasury risks to ensure healthy and consistent cash flows
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers