$67M For More ETH: Bit Digital Expands Its Ethereum Treasury Beyond 120,000 Coins
Bit Digital Inc. (NASDAQ:BTBT) has announced the purchase of 19,683 Ethereum (CRYPTO: ETH), bringing its total Ethereum holdings to approximately 120,306 ETH.
What Happened: The acquisition was funded through proceeds from a recently completed $67.3 million registered direct offering to institutional investors, reinforcing Bit Digital’s position as one of the largest institutional holders of Ethereum among public companies.
“With approximately 120,000 ETH, Bit Digital is positioned among the largest institutional Ethereum treasuries in the public markets,” said CEO Sam Tabar. “We view Ethereum as foundational to the next phase of digital financial infrastructure.”
Bit Digital’s strategy aligns with a broader industry trend of public and private firms incorporating digital assets, beyond Bitcoin, into their …
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