Jinse Finance reported that Bit Brother Limited announced that it has entered into a securities purchase agreement with certain companies to sell $50 million of Class A ordinary shares in a registered direct offering. Under the terms of the securities purchase agreement, Bit Brother agreed to sell 2,000,000,000 Class A ordinary shares. The purchase price for one share of Class A common stock will be $0.25. Gross proceeds for Bit Brother are expected to be $50 million, before deducting estimated offering expenses. The registered direct offering is expected to close on or about July 18, 2023, subject to the satisfaction of customary closing conditions.