🔴 BTC Digital is trading 10.6% down today after 18.4 million shares became eligible for resale

BTC Digital is trading at $1.18, down 10.55%, after selling shareholders became eligible to resell up to 18.4 million registered shares following the company’s $7 million private placement.

• The F-1 registration became effective September 17, increasing potential selling pressure.
• Since September 22’s close, Bitcoin is down 2.32% and Ethereum 3.34%; broader risk sentiment remains weak, though crypto weakness does not fully explain the larger decline.
• No fresh September 23 company announcement was identified.