Bit Digital Expands Ethereum Holdings to Over 120,000 ETH
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| Bit Digital Expands Ethereum Holdings to Over 120,000 ETH |
Bit Digital, Inc. (Nasdaq: BTBT) has significantly increased its Ethereum treasury, adding 19,683 ETH following a $67.3 million registered direct offering to institutional investors. This strategic acquisition brings the company’s total Ethereum holdings to approximately 120,306 ETH.
Beyond simply accumulating digital assets, Bit Digital actively participates in the Ethereum ecosystem. The company operates validators and stakes a majority of its ETH holdings—earning native yield while simultaneously contributing to the blockchain’s security and overall network health.
Commenting on the development, Bit Digital CEO Sam Tabar emphasized the strategic role of Ethereum in the company’s long-term vision:
“We view Ethereum as a cornerstone of the next generation of digital financial infrastructure. Our commitment to expanding our ETH holdings reflects our confidence in its foundational value. With roughly 120,000 ETH, Bit Digital is now positioned as one of the largest institutional holders of Ethereum among publicly listed companies.”
The company sees Ethereum not just as a speculative asset but as vital infrastructure—powering stablecoins, tokenized assets, decentralized applications, and smart contracts. By embedding Ethereum into its core treasury strategy, Bit Digital offers investors a regulated and transparent pathway to gain exposure to ETH through traditional equity markets.
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