Company: BTBT
Filing Date: 2025-06-26
Form Type: 424B5
Source: 0001213900-25-058407
Chunk: 26

Company: Bit Digital, Inc
Filing Date: 2025-06-26
Form: 424B5
Chunk 26
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 for, purchasing and selling ordinary shares in the open market for
the purpose of preventing or retarding a decline in the market price of the ordinary shares while this offering is in progress. These
stabilizing transactions may include making short sales ordinary shares, which involves the sale by the underwriters of a greater number
of ordinary shares than they are required to purchase in this offering, and purchasing ordinary shares on the open market to cover positions
created by short sales. Short sales may be “covered” shorts, which are short positions in an amount not greater than the underwriters’
option to purchase additional ordinary shares referred to above, or may be “naked” shorts, which are short positions in excess
of that amount. The underwriters may close out any covered short position either by exercising their option to purchase additional ordinary
shares, in whole or in part, or by purchasing ordinary shares in the open market. In making this determination, the underwriters will
consider, among other things, the price of ordinary shares available for purchase in the open market compared to the price at which the
underwriters may purchase ordinary shares through the option to purchase additional ordinary shares. A naked short position is more likely
to be created if the underwriters are concerned that there may be downward pressure on the price of the ordinary shares in the open market
that could adversely affect investors who purchase in this offering. To the extent that the underwriters create a naked short position,
they will purchase ordinary shares in the open market to cover the position.

The underwriters have advised us that, pursuant
to Regulation M of the Securities Act of 1933, they may also engage in other activities that stabilize, maintain or otherwise affect the
price of the ordinary shares, including the imposition of penalty bids. This means that if the representatives purchase ordinary shares
in the open market in stabilizing transactions or to cover short sales, the representatives can require the underwriters that sold those
ordinary shares as part of this offering to repay the underwriting discount received by them.

These activities may have the effect of raising
or maintaining the market price of the ordinary shares or preventing or retarding a decline in the market price of the ordinary shares,
and, as a result, the price of the ordinary shares may be higher than the price that otherwise might exist in the open market. If the
underwriters commence these activities, they may discontinue them at any time. The underwriters may carry out these transactions
on the Nasdaq, in the over-the-counter market