Nasdaq-listed Bit Digital (ticker: BTBT) announced that it purchased approximately 19,683 Ethereum (ETH) using the net proceeds from the recently completed $67.30 million private placement. Following the transaction, Bit Digital's total holdings of Ethereum reached approximately 120,306.
Sam Tabar, CEO of Bit Digital, said that the company has now become one of the largest holders of institutional-grade Ethereum in the public market. The company sees Ethereum as the cornerstone of the next phase of digital financial infrastructure, and believes that Ethereum's programmability, growing adoption, and staking revenue model represent the future of digital assets.
Bit Digital, a US-listed company, increased its holdings by about 19,683 ETH, bringing its total holdings to 120,000
2025-07-18 12:19:02
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
