BTCT is trading 14.69% down at $0.97 today, following the announcement of a private placement financing. The company entered into definitive agreements with institutional investors for a $7 million share offering at $1.14 per common unit. This news comes amidst a weak overnight setup in the cryptocurrency and technology sectors, with Bitcoin and Ethereum declining 2.55% and 5.55% respectively over the last 24 hours, and lower Nasdaq futures adding pressure.