Bit Digital Acquires Nearly 20,000 ETH, Expanding Treasury to Over 120,000 Coins

Bit Digital, Inc. has significantly expanded its Ethereum holdings, purchasing roughly 19,683 ETH with proceeds from a recent $67.3 million direct offering to institutional investors.

This move brings the company’s total Ethereum treasury to approximately 120,306 ETH, positioning it among the top publicly listed institutional holders of the asset.

CEO Sam Tabar emphasized Ethereum’s strategic importance to Bit Digital’s long-term vision. “With close to 120,000 ETH on our balance sheet, we’re building one of the most robust Ethereum treasuries in the public markets,” Tabar said. “Ethereum’s programmable capabilities, growing real-world usage, and staking-based yield model make it a cornerstone of next-generation digital finance.”

Ethereum now plays a central role in the infrastructure of decentralized finance (DeFi), acting as the foundation for stablecoins, tokenized assets, and smart contract applications. Its ability to produce yield through staking, coupled with its flexibility in supporting complex financial protocols, makes it more than just a digital currency. Bit Digital views ETH as a key enabler of how value will be exchanged and settled in the global economy going forward.

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Bit Digital is also an active participant in the Ethereum network, running validator nodes and staking most of its ETH to earn native yield. This not only supports network security and decentralization but allows the company to integrate ETH’s economic mechanics into its equity-based investment structure. By combining operational staking with public market compliance, Bit Digital offers investors a regulated way to gain exposure to Ethereum’s growth.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.