Just In: $1.2 Billion Bit Digital Expands Ethereum Treasury To 120,306 ETH

Nasdaq listed Bit Digital has expanded its ETH holdings after purchasing 19,683 ETH, bringing its total Ethereum treasury to about 120,306 ETH. This increase follows Bit Digital’s $67.3 million registered direct offering to institutional investors.

Bit Digital Ethereum Treasury Hits 120k ETH

Bit Digital’s decision to increase its Ethereum holdings comes as part of a broader strategy to participate in Ethereum’s long-term growth. The company’s expansion of its Ethereum treasury follows its transition from Bitcoin to Ethereum. Bit Digital has previously announced its decision to convert all of its Bitcoin holdings into Ethereum, positioning itself to capture the future value potential of the digital asset.

The move has been strategic, as Ethereum continues to lead the current crypto market rally. At press time, ETH price has recently surpassed $3,600, a level not seen since earlier this year.

CEO Sam Tabar stated, “With approximately 120,000 ETH, Bit Digital is positioned among the largest institutional Ethereum treasuries in the public markets.” Per the announcement, Bit Digital sees Ethereum as a key part of its long-term strategy, believing its programmable nature and growing adoption will play a significant role in the future of digital financial infrastructure.

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Kelvin Munene Murithi

Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary .


With a Bachelor’s degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets.


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