US Edition$67M For More ETH: Bit Digital Expands Its Ethereum Treasury Beyond 120,000 Coins
NEW YORK, UNITED STATES, JUL 18 – Bit Digital acquired nearly 20,000 Ethereum with $67.3 million from institutional investors, holding over 120,000 ETH to support staking and network security, CEO said.
- Bit Digital has added around 19,683 Ethereum to its portfolio by utilizing funds raised through a recent registered offering that generated $67.3 million from institutional investors, increasing its total ETH holdings to approximately 120,306.
- The purchase follows Bit Digital's strategy of accumulating and staking Ethereum since 2022 to position itself among the largest institutional ETH treasuries in public markets.
- Bit Digital has established a substantial institutional Ethereum staking platform, managing validator nodes to generate staking rewards while enhancing the security and efficiency of the Ethereum network.
- Bit Digital’s CEO, Sam Tabar, highlighted that the company holds close to 120,000 ETH, placing it among the top institutional holders of Ethereum in publicly traded companies, and emphasized Ethereum’s crucial role in shaping the future of digital finance.
- Bit Digital’s increased investment in Ethereum reflects its ongoing commitment to expanding its ETH portfolio as a core element of its future growth approach, aligned with rising institutional demand and Ethereum’s expanding role in the digital economy.
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Bit Digital Inc. Continues Expansion of Ethereum Holdings to Approximately 120,000 ETH, Reinforcing Treasury Strategy
NEW YORK, July 18, 2025 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), today announced that it has purchased approximately 19,683 Ethereum ("ETH") using the net proceeds from its recently completed $67.3 million registered direct offering…
$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 1…
With its latest investment move, Bit Digital further strengthened its institutional ETH strategy by increasing its Ethereum (ETH) reserves to approximately 120,306 units. Nasdaq-listed Bit Digital, with its latest direct sales revenue of $67.3 million… Major Company Exceeds 120,000 Ethereum Investments…
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The Coinbase Premium index for Ethereum has climbed to levels not seen in a long time. This comes as ether (ETH) recovers to multi-month highs amid the latest market rally. While the surging Coinbase Premium indicates growing demand in the United States, it raises concerns about an overheating market. If this is indeed the case, there may be reason to worry, as assets may decline and lose their gains rapidly. ETH Coinbase Premium on the Rise Acc…
Public Companies Use Altcoins in Their Treasuries: A New Trend Beyond Bitcoin - The Cryptocurrency Post
TL;DR Several public companies are adding altcoins like Ethereum, XRP, and Solana to their treasuries through financial instruments. SharpLink Gaming purchased 144,501 ETH worth $515 million and staked most of it after the token’s price surged. The market reacted strongly, with some crypto-holding companies’ stocks jumping up to 226% in a month, despite the volatility risks. A growing number of public companies are diversifying their treasuries…
The cryptocurrency mining company Bit Digital has surprised the market with a strategic movement that positions it as one of the most relevant institutional actors within the Ethereum ecosystem. With a recent purchase of 19,683 ETH —financed by a share issue of $67,3 million—, the company has raised its treasury to a total of 120,306 ETH, representing an approximate value of $436 million at current prices. This movement is not isolated. It is fr…
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